Salvadoran schoolchildren as young as 12 were taught to send their first Bitcoin (BTC) transaction by visiting members of El Salvador’s Bitcoin Beach.
Bitcoin Beach community leader Roman Martínez told Cointelegraph that he believes early education about bitcoin, currency, and economics could provide a framework for better life chances for the many underprivileged children he teaches.
Martinez explained that Bitcoin Beach hosts after-school programs to help kids use Bitcoin.
“Every Friday we go to school for bitcoin education, where we talk about money and dreams, we teach them to build a bitcoin wallet, we help them get their first satoshi and trade.”
Satoshi (satoshi) or sat is the smallest denomination of Bitcoin, 100 million satoshi make up a BTC.
Martinez noted that students have embraced the technology, despite the initial impression many had that bitcoin was difficult to learn or only suitable for those studying economics.
“Once (they) are willing to learn, things become easy,” he added.
He explained that Bitcoin Beach puts a lot of emphasis on teaching students about bitcoin, currency and banking, as these subjects are largely not taught in schools.
“No one teaches you about money. We trade every day, we work for money, we save money, and no one teaches us about it. People and families need to understand money if you want to make a difference.”
Martinez sees bitcoin as “the latest evolution of money” and that by teaching children the benefits of bitcoin — combined with other life skills — they will be able to seek better employment opportunities.
“If they know English, have computer skills, understand bitcoin and understand marketing, they can work remotely for anyone anywhere in the world,” he explained. “This is a door that is now open to all.”
The future looks even better! #God #surf #bitcoin #Surfforall @bitcoinbeach pic.twitter.com/sGpQtuyRsg
— Roman Martinez (@romanmartinezc) July 22, 2023
according to its white paperBitcoin Beach is a movement that aims to ensure the potential of Bitcoin is realized by helping those excluded from the banking system.
It is headquartered in El Zonte, a seaside town about an hour southwest of the country’s capital, San Salvador, and one of the first parts of the country to start accepting bitcoin.
related: How to use cryptocurrency in the classroom and provide financial literacy
Another Bitcoin education nonprofit based in El Salvador is My First Bitcoin, which has helped 25,000 students earn a “Bitcoin Diploma” through the country’s public school system.
New Video Now Available!
25,000 students accepted the #bitcoin in El Salvador.
i visited @MyfirstBitcoin_ Learn how they plan to change the world.full #El Salvador The video is as follows pic.twitter.com/CL5bVgxH8K
— Max DeMarco ⚡️ (@itsmaxdemarco) August 15, 2023
About 70% of Salvadorans currently do not have bank accounts.Inclusive finance has become the core focus For pro-Bitcoin President Nayib Bukele, who is currently one of the most popular presidents in the world, according to Some reports.
Many Bitcoin-related projects were launched by the government of El Salvador in September 2021 when Bitcoin became the country’s legal tender for the first time in the world.
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