- Venture capital firm Fulgur and stablecoin issuer Tether are backing the training program.
- The CUBO+ program is modeled after President Nayib Bukele’s CUBO initiative.
Another program has been developed by the government of El Salvador to show its enthusiasm for Bitcoin and encourage its use and expansion. This time, venture capital company Fulgur and stablecoin issuer Tether are backing a training program for Bitcoin and lightning developers.
On Wednesday, the Bitcoin Office in El Salvador unveiled a new advanced Bitcoin training program called “CUBO+.” The program is expected to last several months, and participants who complete it may be eligible for the first-ever Plan B fellowship. They have not yet announced the professors and mentors who will be participating.
In October of 2022, El Salvador opened its first Bitcoin Embassy in Lugano, Switzerland
Just four months later, we have some big results from this relationship to share with you: CUBO+
This is a first of its kind Bitcoin and Lightning dev training program in El Salvador 🇸🇻 pic.twitter.com/qfFfSYVl4f
— The Bitcoin Office (@bitcoinofficesv) March 15, 2023
Opportunity For Individuals
Last year, the Bitcoin Office in Lugano, Switzerland began a project called Plan B to help increase the use of Bitcoin. Bitcoin and USDT are already de facto legal cash in the city, and BTC acceptance has been allowed at over 150 local businesses.
The Office stated:
“The Plan B fellowship will provide the opportunity for El Salvador’s best and brightest computer science students to be trained by the biggest names in bitcoin from around the world.”
The CUBO+ program is modeled after President Nayib Bukele’s CUBO initiative, which he launched as a mayor to improve access to education in low-income neighborhoods.
Bitcoin was originally accepted as legal money in El Salvador, with the Central African Republic soon following suit. In the future, the country hopes to issue bonds backed by Bitcoin and build a “Bitcoin City” that relies on Bitcoin mining for revenue. Bitcoin prices have recently climbed and breached the $27k mark due to the ongoing banking crisis.