El Salvador Launches Bitcoin Training for 80,000 Government Employees

El Salvador is stepping up its position as a leader in crypto by launching a Bitcoin training program for 80,000 public servants. This strategic move aims to promote crypto-literacy in government.

It is part of a broader national strategy to fully integrate Bitcoin into the country's economy.

El Salvador focuses on Bitcoin education

Bitcoin Office Director Stacey Herbert is at the forefront of this initiative. She is currently developing a Bitcoin module for the Escuela Superior de Innovación en la Administración Pública (ESIAP) Academy, a high school of innovation in public administration.

“Thousands of El Salvador's civil servants will soon receive the highest level of education on Bitcoin. This will have the compounding effect of gaining greater leverage in El Salvador, the home of Bitcoin's new capital markets,” Herbert said.

Read more: Who will have the most Bitcoins in 2024?

Furthermore, El Salvador has been active in introducing Bitcoin education into its school system. In the year In 2022, the government introduced a ten-week Bitcoin curriculum in schools through a project called ‘My First Bitcoin'. The curriculum covers critical topics such as Bitcoin nodes, preventing double spending, and understanding Bitcoin halvings.

Since August 2024, My First Bitcoin Project has taught over 35,000 students about Bitcoin. These education initiatives demonstrate the country's commitment to nurture a generation that is literate about digital finance.

Alongside educational developments, El Salvador is making infrastructure investments to support its Bitcoin strategy. Earlier this month, a $1.6 billion investment from Turkey's Yilport Holding was announced.

This investment will modernize the important seaports and lay the foundation for the great Bitco City project. President Naib Bukele, who first proposed Bitcoin City in 2021, plans to finance the project through government-issued Bitcoin bonds.

In addition, Buckele's management continues to show firm support for Bitcoin by adopting a dollar-cost-averaging (DCA) strategy to buy Bitcoin daily. Currently, El Salvador holds 5,848 BTC worth about $348 million.

Read more: Top 9 Crypto Friendly Countries for Digital Asset Investors

El Salvador is also exploring the use of Bitcoin for international trade settlements. The move is aimed at easing trade challenges with Russia and is part of a wider effort to strengthen economic ties and strengthen its geopolitical position. El Salvador wants to use cryptocurrency to bypass its traditional banking system, which is vulnerable to Western sanctions.