A gubernatorial candidate in Venezuela has pledged to offer scholarships to citizens interested in joining a training center for digital crypto asset mining and management techniques.
José Alejandro Terán, an aspiring governor representing the country’s ruling party, launched the initiative as part of the La Guaira digital initiative, which aims to fast track growth and induce economic stability in the country.
Terán’s training center will provide scholarship recipients with specialized training in non-forgeable tokens (NFT), cryptocurrency mining and trading. In addition, the activity will be supported by four entities, namely the National Regulatory Authority for Crypto Assets (SUNACRIP), the Axie Infinity Institute, the political group Independientes con Terán and the youth of the United Socialist Party of Venezuela (JPSUV).
In addition to the scholarship initiative to learn about cryptocurrencies, the gubernatorial candidate envisions generating “a thousand jobs” through this proposal: “I feel that by helping young people to establish multiple sources, we ensure the economic stability of their families. 1,000 jobs in a year, write that down!”
Terán also promised that the training offered by Axie Infinity Academy would include the installation and maintenance of networks, as well as cryptocurrency mining and cryptocurrency trading. According to data provided by Chainalysis, Venezuela is ranked seventh in the global cryptocurrency adoption index.
JP Thieriot, CEO of cryptocurrency investment platform Uphold, recently spoke about the growing bitcoin-based use cases in the Latin American market.
According to the entrepreneur, mainstream bitcoin (BTC) adoption in El Salvador has had a domino effect, accelerating cryptocurrency adoption in neighboring regions, including Venezuela and Colombia.
Thieriot also believes that cryptocurrency adoption makes more sense for smaller economies than creating an internal central bank digital currency (CBDC).