📊 A private-sector speech the crypto market should read closely
At the twenty-second edition of the Lorenzo Mendoza Fleury Empresas Polar Foundation Award, Empresas Polar president Lorenzo Mendoza once again put an idea on the table that is often repeated quietly in Venezuela’s crypto world but rarely put into practice: the private sector needs universities, and without local science, there can be no sustainable productivity. He said this at an event honoring four researchers in biology and chemistry, but the message goes beyond academia and speaks directly to those who work with USDT, bolívares, and foreign currencies every day.
Mendoza was direct: he described Venezuelan businesses as a cornerstone of development and well-being, as long as that well-being comes from decent work and fair pay. He added that the university ecosystem, both public and private, is essential to excellence in the private sector. At PitbullChain, we translate that idea into the language that matters to us: without technical talent trained in the country, Venezuela’s P2P crypto market will remain a makeshift operation instead of becoming infrastructure.
📈 From the lab to the order book: the missing link
The awards recognized achievements in genomic surveillance, biodiversity, biodegradable polymers, and the synthesis of molecules to fight cancer. That may sound far removed from the world of stablecoins, but it isn’t. Each of these fields requires the same things as the crypto market: mathematical rigor, data management, the ability to audit processes, and the discipline to document results. Venezuela’s P2P ecosystem, which handles significant USDT volumes against the bolívar, is precisely lacking these: risk analysis teams, developers of anti-fraud tools, accountants who understand on-chain traceability, and lawyers who can read a smart contract.
🔎 P2P trading is infrastructure, too
When a user exchanges USDT for bolívars on a P2P exchange, they’re using financial infrastructure. And that infrastructure depends on servers, APIs, identity verification systems, and fraud detection models. Engineers and data scientists build all of that. If Venezuelan companies—including fintech firms and digital exchanges—don’t invest in training and partnerships with universities, the country will keep importing solutions that don’t understand local realities: the BCV reference rate, the exchange-rate gap, the use of cash dollars, and the fragmentation of the banking system.
💰 The underlying message: invest in those who produce knowledge
Leonor Giménez de Mendoza, president of the Foundation, put it clearly, noting that a nation’s wealth lies not only in what is extracted from the ground, but also in its people’s ability to generate knowledge and train the next generation. Daniela Egui, the Foundation’s general manager, emphasized that high-quality science with global impact continues to be produced in Venezuela. And researcher Margarita Lampo reminded us that every award shines a light on an entire community.
That call should resonate with Venezuelan crypto startups that are currently getting by with tiny teams, many of them self-taught, and that rarely hire recent graduates from UCV, USB, or UCLA. The usual excuse is the cost or the brain drain. But the other side of the coin is that the sector is left without a talent pipeline: no interns, no applied theses, no research into how Venezuelan users behave when using the digital dollar.
🛡️ What the USDT/VES market can learn from the award
The award’s latest edition evaluated 47 candidates nominated anonymously by their peers, with a multidisciplinary committee and a unanimous verdict. In other words, it was a merit-based, blind, and documented process. Venezuela’s P2P market, by contrast, still operates on informal reputations, screenshots, and trusted groups. Professionalizing evaluation—of counterparties, risks, and liquidity—is the next leap, and it requires exactly what Mendoza is calling for: people trained in a methodical approach.
📖 Read the full article: https://pitbullchain.com/noticias/mendoza-llama-a-la-universidad-y-el-p2p-cripto-escucha-el-talento-es-el-activo-468947
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