El Salvador Launches Ambitious Bitcoin Training for 80,000 Public Servants in Major Economic Overhaul
August 22, 2024El Salvador's National Bitcoin Office (ONBTC) has launched a comprehensive Bitcoin training and certification program aimed at 80,000 public servants.
This initiative includes a 160-hour certification program designed to enhance governance and build a Bitcoin-ready workforce within the government.
Managed by the ONBTC, the program is part of a broader national strategy to fully integrate Bitcoin into the country's economy and governance.
As part of its Bitcoin strategy, the Bukele administration is employing a dollar-cost-averaging strategy to acquire Bitcoin, currently holding approximately 5,848 BTC valued at about $348 million.
Despite initial skepticism, El Salvador's Bitcoin strategy is gaining traction, with the International Monetary Fund (IMF) acknowledging that anticipated risks have not materialized.
Participants in the training will complete nine modules covering Bitcoin, Blockchain, Cybersecurity, and Artificial Intelligence, receiving certification upon completion.
The program is conducted by the Higher School of Innovation in Public Administration (ESIAP), which was established by President Nayib Bukele in 2021.
Stacy Herbert, director of ONBTC, believes that training civil servants will create a 'compounding effect' on the Bitcoin-driven economy of El Salvador.
This training initiative builds on previous efforts to promote Bitcoin education, which has been integrated into the public school curriculum since Bitcoin was adopted as legal tender in 2021.
El Salvador is also making significant infrastructural investments to support its Bitcoin strategy, including a recent $1.6 billion investment from Turkey's Yilport Holding to modernize seaports.
Additionally, El Salvador is exploring the use of Bitcoin for international trade settlements to enhance its geopolitical position.
El Salvador's successful Bitcoin adoption has attracted interest from countries like Argentina, which is looking to learn from its experiences amid its own economic challenges.
Summary based on 4 sources
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Sources
Cointelegraph • Aug 21, 2024
El Salvador launches Bitcoin certifications for civil servantsBeInCrypto • Aug 21, 2024
El Salvador Bolsters Bitcoin Literacy: Plans to Train 80,000 Public ServantsCryptoSlate • Aug 21, 2024
El Salvador launches Bitcoin training for 80,000 public servantsCoinJournal • Aug 21, 2024
El Salvador launches civil servants Bitcoin certification, collaborates with Argentina - CoinJournal