As with all fields and innovations, cryptocurrency players are increasingly betting on raising awareness and educating the younger generations about crypto. Recent years have seen the emergence of ways to educate and make the world of crypto-currency accessible to children.
Strive, cryptocurrency education through everyday use
Strive piggy bank
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First of all, Strive, the British operator has created a youth account for children. It has introduced a crypto-currency piggy bank that integrates with major virtual wallets such as those provided by Coinbase. This follows Strive’s acquisition of digital piggy bank startup GoSave in November.
A physical piggy bank displays the balance of any cryptocurrency wallet thanks to a combination of Strive’s app and hardware. Priced at $149 each, these piggy banks are designed for children to materialise the tokens in their possession. Parents, meanwhile, can use the Strive app to schedule crypto-currency payments, such as pocket money, while monitoring their child’s digital transactions.
According to Andrew Birt, co-founder and CEO of Strive, given the importance and scale of cryptocurrencies these days, “there is still a surprisingly visible lack of resources for teaching children about digital currency”. With this project, he hopes to enable children to “explore the crypto-currency space and learn about the future of money”.
In addition to crypto-currencies, Strive’s product range includes rare educational NFTs (non-fungible tokens) and physical collectible toys called TopMinds.
So, to make the experience even more loyal, the next step will be to introduce a mining edition of the piggy bank, designed to mine bitcoin and other crypto-currencies.
CryptoKidsCamp, a school holiday to build yourself a complete cryptocurrency kit
In the video available in this link, we discover Moses, a young Californian, discovering his kit in parts. This kit will soon enable him to build his own blockchain. Moise, along with other children, is taking part in a summer camp specialising in the manufacture of technological objects such as drones and cryptocurrency mining platforms.
But is this camp similar to the course McDonald’s is offering in the Philippines? Is it a hidden way of advertising to children? There could be a big difference between the two, particularly as the basic product is not aimed at children. What’s more, this course has the added value of helping to educate children about cryptocurrency.
Cryptokidscamp
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CryptoKidsCamp, established in 2019, is a non-profit organisation that provides fun and innovative educational opportunities for children and teenagers during school holidays. This camp welcomes Californian children for a very special course. The children on this course are building Skyminer mining platforms, created to eliminate the need for Internet service providers and offer a new, free, decentralised Internet.
This system works by connecting the Skyminer to the current Internet, but via a wireless or radio connection. Users can connect it to an aerial on their roof and broadcast additional bandwidth to their neighbours. The hardware can be used to run its own cryptocurrency, Skycoin. These are earned by providing the extra bandwidth. What’s more, the young campers leave with $10 in Bitcoin to add to their first digital wallet. So the kids leave the camp fully equipped, as camp creator Najah Roberts declares:
“They’ll be monetising, mining crypto-currencies, they’ll also be trading crypto-currencies. We’re teaching them to look at this world through completely different eyes”.
This technology is particularly advanced, especially for use by children, but Najah Roberts believes that this generation should be familiar with it. She believes that children need to understand the events and innovations of today and tomorrow if they are to have a seat at the global negotiating table. So it’s fair to say that this camp encourages them to think big about how their generation will contribute to the future of money.
Conclusion
The future of cryptocurrencies is in the hands of its players today, but even more so in those of tomorrow. It is relevant and innovative to raise awareness, educate and make this technology available to younger people. As with the Internet in general, it is vital that the younger generations learn to make informed use of these new developments. This kind of initiative has found a fun and useful way of democratising and providing education in cryptocurrency. But, above all, it provides the adults of tomorrow with weapons in the world of finance.
