The 21st-century finance is all about digitalization. This is the era of fintech and cryptocurrency wherein the digital transactions are taking over the traditional functionality of banking. What’s even more imperative is that the children need to understand the relevance of the ongoing transformations. Gone are the days where children kept piggy banks to enforce saving their money. The concept has certainly diminished in the present generation.
With the world leading towards the cashless economy, it has become significant for the kids to know about cryptocurrency. Financial applications, and so on. In order to embed an optimum financial literacy within children, parents need to perform their part effectively.
The emergence of Pigzbe:
Pigzbe – an amalgamation of the traditional piggy bank with technology is indeed, the first step towards making a child understand cryptocurrency. Powered by blockchain technology, Pigzbe is a gateway to the financial literacy of children. With a digital piggy bank, a child will not only learn to smartly save their money but also, learn to earn by themselves through the medium of practical experimentation.
This digital piggy bank has been crafted for kids aged 6 years and above. One of the key advantages associated with Pigzbe is, it is entirely controlled by the parents. For instance, the kids cannot buy any adult entity like cigarette, alcohol, etc.
Key Features of Pigzbe:
Pigzbe is not merely a digital piggy bank, but a solution to the next gen financial problems. Let’s take a look on the key features of Pigzbe:
- Children’s Digital Wallet: Yes. The app is a child’s first wallet where he explores the diverse facts of financial intricacies. Driven under parental control, the portal is extremely secure and under guidance. Also, the family members can create their network and monitor the spending as well as earning their kids. The sense of earning initiated through the app make kids responsible and manage their savings.
- Faster Transactions: The native token of the Pigzbe network is known as Wollo. This token has made transactions faster. Irrespective of the monetary size of the transfer, the transactions can be made in seconds, even internationally. Thus, this cryptocurrency is for the families.
- Wollo Card: The Wollo card can effectively be used by the children on family outings. The card is inclusive of the parental restrictions which in turn, safeguard children from misusing the cards for inappropriate products and services. The parental control ensures the use of Wollo card under observance.
Future prospects:
With the presence of approx. 2.2 billion children across the globe, the financial decisions will strongly change the aspects of the world economy. The technological transformations within the financial sector are taking place at a rapid pace and so, the crypto-economy will witness a considerable growth. It has been estimated that the crypto-economy will showcase a contribution of 10 percent towards the world’s GDP by the year 2025.
The blockchain technology is the future of economies throughout the globe and every emergence associated with it will remarkably witness success in the next coming years.
You can check more information about Pigzbe on their Website.