Strive, a UK-based company focused on teaching young kids the basic tenets of finance, has built crypto piggy banks that allow crypto-savvy parents to give kids a time-honoured way of helping kids learn about the value of cryptocurrency.
The piggy banks connect directly to any external wallet to display the BTC balance. This is designed to help parents introduce their children to cryptocurrencies in an innovative way.
While a child may not care much about hash rates and mining difficulties, they may very well care about the increasing sum displayed on the gadget’s digital display counter. It can display in USD, EURO and AUD and 30 other currencies. Other versions may be available as shown on the original Kickstarter.
The Future Of Money
According to Andrew Birt – the co-founder and CEO of Strive – the gadget priced at $149 USD aims to fill the niche left open by the skyrocketing adoption of cryptocurrencies. While there are a myriad of children’s books breaking down the advantages of delayed gratification, cryptocurrency has jumped onto the scene recently enough that even the majority of adults are still confused about it.
“Without a doubt, the crypto market is here to stay. With $2T now stored in crypto across 68M crypto wallets around the globe, there’s still a surprisingly visible lack of resources to teach kids about digital currency. This is why we’ve built Penny the Pig – to give everyone a simple, safe and responsible way to explore the space of cryptocurrencies and learn about the future of money.”
Andrew Birt gives his son pocket money in Bitcoin himself – and says his son used to ask him constantly to check the price of Bitcoin on his phone. Now, he no longer has to.
Penny the pig and the kids can:
- Pay allowances (set as regular payments or one-off payments)
- Set goals to help kids learn how to save
- Make chores fun with set tasks and rewards
- Send the kids encouraging video messages
- Get others to add to the bank for birthday presents
With a bit of luck, the next generation of children will be better prepared – and if Australia is any indicator, the signs are promising.
If you want to buy a piggy bank there is an initial limit of 1000 units so you’ll need to be quick. They also accept BTC or ETH as payment. Currently only Coinbase wallets are supported with more to follow.
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