El Salvador has planned to increase Bitcoin adoption and usage by investing to educate 10,000 students about the crypto asset and how it operates.
El Salvador became the first country on Earth to make Bitcoin legal tender. This year, El Salvador introduced a new initiative, called My First Bitcoin. The country made this effort to teach 10,000 schoolchildren about the digital asset during a ten-week period. As showcased by a viral video, the students received a practical demo of collecting Bitcoin through the Lightning network.
As stated by a participating educator, the government’s idea is to encourage schools from all over the world to replicate the initiative. Furthermore, the schoolchildren also received lessons regarding Bitcoin halvings, double-spending, and nodes. In 2023, the country wishes to expand the programme by 25 times, hoping to reach 250,000 pupils and help them learn about Bitcoin. Similar to the current initative, schoolchildren will receive the lesson on Bitcoin while attending class.
In 2021, El Salvador adopted BTC as a legal tender and since then the country remained a frontrunner in Bitcoin’s mass adoption effort. The country’s president established in November 2022 an official Bitcoin Office which has the role of overseeing all programmes related to crypto. The Bitcoin Office has to enable the president to meet with investors for Bitcoin and blockchain tech advancements.
El Salvador has plans to create a city that is run on Bitcoin, the country also holding bonds for the crypto. Bitcoin City seeks to become a tax-free solace for crypto and blockchain
