The Schools and Bitcoin Project is commencing high school Bitcoin education in Argentina.
The program will start with 40 schools, with over 4,000 children anticipated to take part.
Argentina has suffered from hyperinflation, resulting to the country becoming Latin America’s second-highest adoption of cryptocurrency.
According to a news release from Paxful, Bitcoin instruction is now available for high school students in Argentina.
Bitcoin Argentina, a non-governmental organization, has collaborated with Paxful and the Built With Bitcoin Foundation to educate schoolchildren about Bitcoin. Students from 40 different schools will participate in the Schools and Bitcoin program.
“Education at every level is crucial to the next wave of global Bitcoin adoption,” said Ray Youssef, Founder and CEO of Paxful. “We’re thrilled to work with NGO Bitcoin Argentina and the Built With Bitcoin Foundation to support a movement that focuses on youth and shares the power of Bitcoin as a peer-to-peer financial tool for masses.”
Jimena Valone, institutional development coordinator for Bitcoin Argentina and lead of the Schools and Bitcoin Project, said “There is a desire to innovate, to know what is happening with Bitcoin and blockchain, to train and learn.”
“All of this was the starting point to start thinking about the initiative, which begins with 40 schools, but we aim to have a large number,” Valone concluded. It is intended to serve an increasing number of educational institutions of varied characteristics and areas.”
According to a Chainalysis research, Argentina ranks second in Latin America for cryptocurrency usage, after only Venezuela. Argentina is also ranked tenth in the world. The 4,000 kids anticipated to participate in the program will represent Argentina’s different regions.
“The content used will be varied, changing with each school. Argentina is a diverse country, so it is necessary to think about each context when introducing the material,” said Valone.
Argentina had an inflation rate of more than 55% in April, and in 2019, the inhabitants of Argentina were subjected to a policy that limited the number of pesos that could be exchanged for US dollars ($200 per month).
Valone spoke about uncontrollable inflation and centralized monetary measures, saying:
“Decentralized financing has benefits and advantages that go beyond the macroeconomic situation of a region, such as Argentina and inflation. Financial independence, for example, is one of those advantages. Finance is inherent in life.”