“It is very important that we young people are the first to be trained and thus send the message to others, because times are changing, technologies are innovating and we cannot be left behind.”
This is how Raúl Rodríguez expressed himself, one of the young people benefiting from the 9,000 scholarships that El Salvador is giving out to teach about trading with bitcoin (BTC). A complex activity of buying and selling with a view to obtaining profits that, in the particular case of cryptocurrencies, can become risky and volatile, as explained in the Cryptopedia of this medium.
Educational scholarships for young Salvadorans are being awarded between various government entities and a Christian foundation called Jerusalem. The training is in charge of Harvest Trading Cap Academy, a Dominican Republic company dedicated to investing in the stock market and trading cryptocurrencies, according to local media.
according to a release of the company, the intention is “to promote financial education, social development, support the needs of the most unprotected people, as well as improve efficiency and inter-institutional management.”
The investment is USD 13 million dollars. Until now, the Mayor of San Salvador and the Directorate for the Reconstruction of the Social Fabrichave awarded 2,500 scholarships.
“It is time to take advantage of the opportunity to train a hotbed of professionals who are capable of managing their capital using these new technologies”, express the mayor of San Salvador, Mario Duran.
For his part, Jairo González, CEO of Harvest Trading Cap Academy, said they want be part of the history of El Salvador through training.
It should be remembered that bitcoin is legal tender in the Central American country and on September 7, the Bitcoin Law came into force, as reported by CriptoNoticias.
Other sectors benefit from bitcoin in El Salvador
Just as El Salvador has invested in training its population to trade bitcoin, it has also done so in other areas, as a result of the entry of cryptocurrency into that country.
Last February, the first public veterinary hospital in that Central American nation was inaugurated financed with part of the profits made by the rise of bitcoin in October of last year, a fact reported by this medium.
Even the Salvadoran tourism sector has also benefited since bitcoin began to be legal tender. The arrival of 1.1 million tourists was expected, but the figure reached 1.4 million between November and December of 2021.