La Guaira Digital program plans to increase crypto training to Venezuelans through the Axie Infinity scholarships. The program is using this as a strategy to increase economic growth and stability in the country.
A gubernatorial aspirant from Venezuela is offering everyone interested in increasing their skills on crypto a scholarship. The training will happen in the Technical Training Center for mining and administration of digital crypto assets.
The La Guaira Digital program
The initiative is part of the La Guaira Digital program, which aims to bridge the growth gap and increase economic stability in the country. According to Teron’s Training Center will offer specialized training on NF, crypto mining, and trading to all scholarship holders. Four different entities will support the program: the Axie Infinity Academy, National Superintendence of Cryptoassets (SUNACRIP), the political group Independientes con Terán and the youth of the United Socialist Party of Venezuela (JPsuv).
Apart from the scholarship, the governor also plans to create jobs through the initiative. He believes that helping young people get extra sources of income will provide economic stability to their families. He plans to create up to 1000 jobs a year. According to him, the training through the support of Axie Infinity Academy will also include the installation and repair of networks and mining equipment and make encrypter trading.
From a Chainalysis report, Venezuela is a sovereign country in the global crypto adoption index. The Latin American market has been at the forefront of adopting crypto for economic stability as politics has affected its economy. According to the CEO of Uphold, a crypto investment firm, Bitcoin use cases are on the rise in the general Latin American market. Bitcoin will, as a result, affect the general crypto adoption in both Venezuela and Colombia. Crypto adoption has been a solution for small economies as it helps to bridge the gap and create employment. It is a better solution than creating an in-house central bank digital currency.