Venezuela opens state-funded school to teach citizens about cryptocurrencies

   The Venezuelan government has opened a school in the capital city to teach its citizens how to buy, sell, and mine cryptocurrencies, including courses on the nation’s oil-backed currency, the Petro. Meanwhile, President Nicolas Maduro has approved resources for universities across the country to establish mining farms.

Crypto school in Caracas

Telesur TV reported: ”The Venezuelan government has opened a training centre to teach its citizens about cryptocurrencies in its capital city, Caracas. ”

   This announcement came shortly after the government announced the launch of its oil-backed currency the Petro.

“The cryptocurrency training school offers courses on the petro to Venezuelans for free. At the Granja Laboratorio Petro School in Caracas, Venezuelans can learn how to buy, sell and mine cryptocurrencies and how the cryptoeconomy works,” the news outlet added.

Carmen Salvador, a Venezuelan teacher of cryptocurrency trading, told Reuters in a video interview:

“What we hope to do with this, primarily, is to make knowledge accessible like any new methodology or technology. Many of our young people here find it impossible to have this amount of resources so we’ve designed this plan with a completely free training.”

   The teacher explained that the government is guaranteeing free access for all to participate, noting that these courses often cost most than $500-800 internationally. All our technological and computer youth can start a process of training in everything that has to do with the cryptoeconomy, specifically with the Petro, the Venezuelan cryptocurrency.

Mining farms in universities

   Prior to the announcement of the school, Maduro has repeatedly said that he wanted universities across Venezuela to set up mining farms.

He said : “We will finance all these operations in order to grab the necessary technologies and take them to each university and to each school to use mining as a source to break with this rentier model and strengthen the Venezuelan economy.”

   The head of state has recently approved resources “for the installation of student mining farms in the country’s universities,” according to the Minister for University Education, Science and Technology, Hugbel Roa.

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