El Salvador’s new strategy to promote crypto

If there is one country in the world that actually bets on bitcoin (BTC), it is El Salvador. Not only has the country made BTC legal tender, but it is also working to promote its use. This, through education. This is why Salvadoran President Nayib Bukele initiated the Cubo+ educational project exclusively focused on bitcoin.

In short

• El Salvador launched Cubo+, an educational project to train young bitcoin and Lightning Network experts.
• Only 21 developers out of more than 50 students passed the program, which underlines the rigor and efficiency of Cubo+.
• Cubo+ graduates are already attracting the attention of local and international crypto companies.

Cubo+, to train a Salvadoran elite initiated to bitcoin

A recent analysis suggested that bitcoin adoption was growing in Argentina compared to El Salvador. What this study does not say is that the Salvadoran authorities are working precisely to reinforce this adoption. This through an educational project called Cubo+.

The vision behind this initiative is easy to understand. Cubo+ is a springboard for promoting bitcoin (BTC) to young people. More concretely, the State uses its education system to train expert developers in bitcoin and Lightning Network. It serves to solve some of the scaling and fee issues associated with the Bitcoin blockchain in particular.

Inspired by President Bukele’s educational plan known as Cubo, Cubo+ is one of a kind. Because it has the particularity of focusing mainly on the technical intricacies of the Bitcoin blockchain.

It is the latter that Cubo+ wants to eventually inculcate in the cream of young Salvadorans chosen from the country’s universities. The first cohort of learners aged under 25 covered around fifty young people. An exceptionally bright group of students, several of whom competed for the prestigious Plan B scholarship funded by Tether and Fulgur Ventures.

And we can say that the Salvadoran government has not skimped on the means. Evidenced by the audience of bitcoin experts from all walks of life to which he appealed. This, in accordance with its ambition to guarantee an elite training to its young people.

Thus, Cubo+ counts among its instructors, luminaries such as Peter Todd, former collaborator of Bitcoin Core. The founders of the French educational project “Découvre Bitcoin” were also there, among others. Their results after six months of training seem promising.

Cubo+, more than encouraging results?

While it started in May, with over 50 students, only 21 Salvadoran developers have successfully completed the program. A remarkable achievement, especially considering the technical depth of the content taught.

This positive result above all highlights the effectiveness of the program in training talent. A performance worth its weight in gold. Especially for a developing country like El Salvador where the number of university graduates remains relatively low.

But the fallout from Cubo+ already seems immediate. According to the latest information, new Bitcoin developers are already attracting the attention of local crypto companies like Blink, Tiankii, and K1.

This enthusiasm goes beyond El Salvador. Indeed, international crypto firms, American in particular, such as Strike and Bitfinex, plan to offer internships to these graduates. This interest bears witness to the quality of the teaching provided by Cubo+. The least we can say is that El Salvador seems determined to execute its plan around bitcoin (BTC). In any case, he gives himself the means despite mixed results for the moment.