A ruling candidate from Venezuela has pledged to offer scholarships to residents interested in joining a technical training center for cryptocurrency mining and management.

José Alejandro Terran, an ambitious governor representing the country’s ruling party, launched the La Guaira Digital initiative to accelerate growth and ensure economic stability in the country.

As reported by Cointelegraph Spanish, the Terán Training Center will provide specialist training for fellows in non-fungible tokens (NFT), cryptocurrency mining and trading. In addition, the initiative will be supported by four organizations, namely the National Cryptographic Authority (SUNACRIP), the Axie Infinity Academy, the Independientes con Terán political group, and the Venezuelan United Socialist Party Youth (JPsuv).

In addition to scholarships to study cryptography, the ruling candidate envisions creating “thousands of jobs” through this proposal:

“I feel that by helping young people accumulate more resources, we are ensuring financial stability for their families. 1,000 jobs a year, write it down!”
Teran also promised that the training provided by the Axie Infinity Academy will include network installation and repair, as well as cryptocurrency recovery and cryptocurrency trading. According to Chainalysis, Venezuela ranks seventh in the Global Crypto Adoption Index.

On the topic: Latin America is benefiting more from cryptocurrency, says Uphold Leader

JP Thieriot, CEO of crypto investment platform Uphold, recently spoke with Cointelegraph about the growing number of useful Bitcoin-based applications for the Latin American market.

According to the founder, the massive adoption of Bitcoin (BTC) in El Salvador has had a domino effect accelerating the adoption of the cryptocurrency in the surrounding regions, including Venezuela and Colombia.

Thieriot also believes that adopting a cryptocurrency makes more sense for small countries than creating a digital currency from a local central bank (CBDC).

Source: CoinTelegraph