Venezuelan Governor Candidate Promises Scholarships To Study Crypto Assets, Here's Why!

JAKARTA - A candidate for governor from Venezuela has promised to offer scholarships for interested citizens to join the Technical Training Center for Crypto-Digital Asset Mining and Administration.

José Alejandro Terán, the gubernatorial candidate representing the country's ruling party, initiated the initiative as part of the La Guaira Digital program, which aims to accelerate growth and promote economic stability in the country.

As Cointelegraph Spanish reports, the Terán training center will provide scholarship holders with specialized training in nonfungible tokens (NFT), crypto mining, and trading.

In addition, the effort will be supported by four entities, namely the National Superintendence of Cryptoassets (SUNACRIP), Axie Infinity Academy, the political group Independientes con Terán and the youth of the United Socialist Party of Venezuela (JPsuv).

In addition to the scholarship initiative to study crypto, this gubernatorial candidate also envisions a “thousand jobs” generation through this proposal.

“I feel that by helping young people build resources, we are ensuring economic stability for their families. 1000 jobs in a year, write it down!” said José Alejandro Terán, as quoted by Cointelegraph.

Terán also promised that the training, which is supported by the Axie Infinity academy will include the installation and repair of crypto mining and trading networks and equipment. According to data sourced from Chainalysis, Venezuela stands as the seventh country in the Global Crypto Adoption Index.

The CEO of crypto investment platform Uphold, JP Thieriot, recently spoke to Cointelegraph about the growing Bitcoin-based use case for the Latin American market.

According to the entrepreneur, mainstream Bitcoin (BTC) adoption in El Salvador has had a domino effect in accelerating crypto adoption in surrounding regions including Venezuela and Colombia.

Thieriot also believes that the adoption of crypto makes more sense for smaller economies than creating a central bank digital currency (CBDC).