El Salvador prioritises Bitcoin mass adoption even in the depths of the crypto winter. The pupils are shown a video about Bitcoin in the classroom.
When these pupils become adults and start making contributions to society, they may be the ones to push for widespread Bitcoin adoption and innovative use cases.
Reading, Writing, Bitcoin
El Salvadoran educators have been using Bitcoin as part of a ten-week curriculum, and a video of one of their lessons went viral on Twitter. Teachers give pupils a hands-on demonstration of the Lightning network and Bitcoin payment receiving. Nodes, double spending, and Bitcoin halvings are among the topics covered in the classroom.
“The idea is that this be replicated in other schools around the world,” says an educator.
— Bitcoin Clip (@BitcoinClip) December 26, 2022
The El Salvadorian project “My First Bitcoin” promised to teach Bitcoin basics to 10,000 schoolchildren in 2022. It hopes to reach 250,000 students by 2023, a 25-fold increase over where it is now.
El Salvador Leads BTC Mass Adoption
The country has made several significant contributions to Bitcoin’s mass adoption since it was officially recognised as a legal tender. In November 2021, President Nayib Bukele said that the country aimed to construct a Bitcoin city free of income and property taxes.
President Trump established the Bitcoin Executive Office last month to oversee all initiatives involving bitcoin and other cryptocurrencies. It will connect people with the President to discuss how to integrate Bitcoin and blockchain technology in the country.
A website that keeps tabs on El Salvador’s holdings reports that the nation has been buying one Bitcoin every day since November 18th. As of right now, El Salvador holds almost 2,458 Bitcoins. The Central American government has incurred an unrealised loss of approximately $67 million on its Bitcoin assets, which are down 61.82%.