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El Salvador’s Bitcoin Disciples Showcase Skills Upon Graduation

El Salvador’s Bitcoin Disciples Showcase Skills Upon Graduation

DailycoinDailycoin2024/04/05 04:43
By:Dailycoin
  • Hundreds of BTC graduates in El Salvador’s capital get their Bitcoin Diplomas.
  • Mi Primer Bitcoin non-profit is preparing 700 teachers to spread the program.
  • Bitcoin graduates are asked to verify their knowledge of Bitcoin on the spot.

April 2, 2024, went down in the history books of El Salvador as hundreds of gleeful graduates in San Salvador celebrated their Bitcoin Diploma graduation. Initiated back in 2021, when the country took a brave turn towards adopting Bitcoin (BTC) as legal tender, the Mi Primer Bitcoin educational non-profit organization launched its BTC education program in June 2022.

Since then, the Bitcoin Diploma program has received support from the Ministry of Education, released an open-source workbook for financial literacy, and welcomed thousands of students. A special tutoring program for educators has been launched to prepare 1,000 qualified teachers nationwide.

Recently reviewed the latest #bitcoin educational material from https://t.co/WfOBElMJN9 in multiple languages free to use https://t.co/iizPUqRuJY open source that has successfully graduated 1000's.

Fantastic orange pilling tool, efficient and all inclusive for most ages🤙

— Jimi (@CriptoZorro) April 3, 2024

Available on GitHub, Mi Primer Bitcoin’s financial literacy workbook has helped students across 18 countries via The Node Network program launched in March 2023. The educational book encompasses various topics, ranging from the nature of money to the specifics of Bitcoin mining by renewable resources.

Bitcoin Graduates Tested on the Spot

Before the graduation party took off, students in San Bartolo were asked to verify their digital money skills with test transactions using the Bitcoin Lightning network. These included tasks like creating a backup wallet, receiving money with a QR code, and some basic Bitcoin knowledge questions. The questions were prepared by the BTC Advisors, who are developers, engineers, and finance professionals.

At a Graduation like this one today, students are showing their bitcoin skills to so-called verifiers.

💡 For the students it's basically a final check to prove their knowledge.

Did you know, you can be a verifier too? Just like Gabe from @BTCAdvisors — he joins us today! pic.twitter.com/FmgVz6ZegN

— Mi Primer Bitcoin (@MyfirstBitcoin_) April 2, 2024

After the verifiers completed their mission, 120 students in San Bartolo received their Bitcoin Diplomas, inspiring them to continue their education with Bitcoin as a tool for their futures. The students celebrated their accomplishments with a gala dinner and an ensuing charity mission. “This doesn’t mark the end of their learning curve. This means a new beginning!” reads Mi Primer Bitcoin’s tweet on Graduation Day.

On the Flipside

  • Bitcoin’s acceptance as a payment method is rather niche in El Salvador, as just above 20% of merchants are known to accept Bitcoin (BTC).
  • Tourist attractions like Bitcoin Beach have the highest BTC adoption rate despite the goal of balancing the infrastructure in rural areas.

Why This Matters

El Salvador adopted a pioneering approach towards blockchain technology in 2021, aiming to educate the nation’s residents and attract foreign talent.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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