José Alejandro Terán, the emerging governor of the country’s ruling party, launched the initiative as part of the La Guaira Digital program, which aims to track growth and create economic regulation in the country.
As reported by Cointelegraph Spanish, the Terán Scholarship Center will provide specialized training on non-fungible tokens (NFTs), mining and cryptocurrency trading. In addition, this dynamic is supported by four organizations, namely the National Cryptocurrency Regulatory Authority (SUNACRIP), the Axie Infinity Academy, the Independientes con Terán political group and the Youth of the Socialist Party of Venezuela (JPsuv).
In addition to scholarship initiatives to learn about crypto, the candidate for governor introduces himself to the “thousand jobs” generation through this proposal:
“I believe that by helping young people build multiple resources, we ensure economic stability for their families. 1000 jobs in a year, write it down! ”
Terán also promises that the training offered by the Axie Infinity Academy will include installing and repairing networks, as well as cryptocurrency mining and cryptocurrency trading. According to data from Chainalysis, Venezuela ranks seventh in the Global Crypto Acceptance Index.
Related: According to the CEO of Uphold, Latin America benefits the most from cryptocurrencies
The CEO of the crypto investment platform Uphold, JP Thieriot, recently spoke to Cointelegraph about the growing Bitcoin-based use cases for the Latin American market.
According to the entrepreneur, El Salvador’s mainstream adoption of Bitcoin (BTC) has had a knock-on effect in promoting crypto adoption in surrounding areas such as Venezuela and Colombia.
Thieriot also believes that adopting cryptocurrencies makes more sense for smaller economies than creating an internal central bank digital currency (CBDC).