Speaking in Caracas, President Nicolas Maduro said young people should be "infected with courage" and install "cryptocurrency farms throughout Venezuela."
Speaking at an event in Caracas on Wednesday, Maduro said the nation's young people should be "infected with courage" and install " cryptocurrency farms throughout Venezuela."
Registration for the digital work plan opens on April 15, and it is hoped the program will attract at least one million students.
"Attention, young people!" Maduro wrote on his Twitter page. "Today Chamba Juvenil Digital emerges, to allow youths to form cryptocurrency farms that can mine world currencies. Because Venezuela does not give up!"
¡Atención jóvenes! Hoy surge Chamba Juvenil Digital, para la formación de la juventud en las Granjas de Criptomoneda y que puedan minar monedas del mundo. ¡Porque Venezuela no se rinde! #JuventudPetroYFuturo pic.twitter.com/fEVtkPSqdZ— Nicolás Maduro (@NicolasMaduro) March 15, 2018
The program was designed to help incorporate young people – including university students, the unemployed, single mothers and the homeless – into working life. It is also expected to provide employment opportunities to recent graduates, Maduro said.
The Petro is the world's first national cryptocurrency based on natural resources. It generated over US$5 billion during its pre-sale period and, as of March 10, had recorded more than 186,000 certified purchases.
- Countries: Latin America