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El Salvador shook the world in 2021 when President Nayib Bukele made bitcoin (BTC) legal tender, giving the cryptocurrency the same status as the U.S. dollar, the Central American nation’s official currency. Since then, El Salvador has constituted a bitcoin reserve worth roughly $630 million, established one of the most advanced crypto regulatory frameworks in the world, promised to issue $1 billion in bitcoin-backed government bonds and even convinced stablecoin giant Tether to relocate its headquarters to the country. But one of the country’s most rewarding successes has been its extensive Bitcoin-centric education program, according to Stacy Herbert, director of El Salvador’s Bitcoin Office. “Bitcoin country needs Bitcoin engineers, right? We’re producing them, and it’s a long manufacturing process, but it’s creating a wonderful positive feedback loop,” Herbert told CoinDesk in an interview. “They graduate, they get jobs, they all become friends. … You can feel a tech vibe emerging in San Salvador.” The idea, Herbert said, is that when massive companies like Tether or Bitfinex decide to relocate their headquarters or open offices in El Salvador, they have no issue finding the highly-educated workforce necessary to run their operations. “A lot of students are finding ample opportunity to work at these companies because there’s huge demand [for them],” Herbert said. The quality of the Salvadorans’ Bitcoin education incites even more firms to consider El Salvador as a jurisdiction in which to set up shop, and that, she continued, motivates more students to study Bitcoin. President Bukele has a “vision for a renaissance. Singapore 2.0. Florence 2.0. How do you get there? You need to build a strategy,” Herbert said. “You need the talent pool. You need smart, optimistic, bright people. And that’s what we have here in El Salvador.” Bitcoin Education Herbert is a longtime bitcoiner — she was…

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Filed under: News - @ January 18, 2025 3:21 pm