The establishment of new university courses in Bitcoin (BTC) and Lightning Network development has been announced by the El Salvadorian government.
The government’s Bitcoin Office tweeted about its ambitions. It said that the advanced bitcoin engineering curriculum would consist of its new “CUBO+” classes and continue for many months. For students who meet the requirements for a “inaugural fellowship,” the courses will “provide credit as well as placement,” the office said.
The office also said that Fulgur Ventures, a BTC and Lightning-focused investment company, and Tether, the creator of USDT, were funding the initiative.
President Nayib Bukele is the direct supervisor of the Bitcoin Office.
Bitcoin Lightning Development Training in El Salvador
“The best personalities in Bitcoin from across the globe” will be hired to serve as lecturers and mentors, according to the government arm. Also, the mentors would work with “El Salvador’s top and brightest computer science students,” according to the statement.
The office wrote:
“The bitcoiners who will participate as lecturers and mentors will be announced soon. The aim is excellence. And nothing less. […] Bitcoin is for everyone. And we will prove that.”
The government organization went on to say that the advancements achieved by the El Salvador Bitcoin Embassy in Lugano, Switzerland were the cause of the development. In October 2022, the embassy’s doors officially opened.
A “first-of-its-kind Bitcoin and Lightning development training program,” according to the authority, CUBO+ will be offered in El Salvador.
For Bukele and others who support his Bitcoin advocacy, things have not been easy. Since the government declared BTC to be legal cash in September 2021, there have been extended bouts of market instability.
According to a Central American University poll conducted in October of last year, 77% of Salvadorans think that the adoption of Bitcoin has “not benefitted them at all.”
Bukele, though, won’t be easily intimidated. As he runs for re-election in the 2017 elections, his popularity ratings in El Salvador continue to be very high.
Also, his administration has cleared the door for the issuing of Bitcoin bonds, which, according to his Nuevas Ideas party, would raise the country’s standing abroad.
Compiled by Coinbold