What is Pigzbe?
A revolutionary new way to send money between families, created by Forbes 30 Under 30 entrepreneur Filippo Yacob and utilising a new cryptocurrency Wollo will launch this month with an ICO also on the horizon.
Pigzbe app aims to teach children about cryptocurrency!
"More than a piggy bank, Pigzbe is a piggy-wallet for children, parents and families, powered by its own family-friendly cryptocurrency called Wollo, designed to be suited to thousands of tiny transactions as parents reward chores or give pocket money," explained its creators.
Wollo is designed to replace physical coins that are traditionally stored within physical piggy banks. It enables saving, learning, and playing within the Pigzbe ecosystem.
The device also comes with a wallet app and an educational game. The wallet app allows children to view their cryptocurrency holdings in WLO or USD. Parents can transfer pocket money to children via the Pigzbe app for parents. The game, meanwhile, is designed to teach kids the value of money.
Pigzbe Features
- Safe and secure
- Completely borderless (available in 180+ countries)
- Accessible to all
- Fun and engaging
- Educational
- Hands-on play
- Fast transfers of 3 to 6 seconds
- Cheap transaction costs of less than $0.01
Pigzbe Vision
Pigzbes idea of an online wallet works as an alternative for actual money, with the physical device granting a firsthand entertainment/learning means which teaches children the main ‘principles of earning, saving and managing money.’ This concept can be used to bribe, reward and gift children, educating them on the true value of money- preparing them for the real world in the years to come.
Who's behind Pigzbe?
Filippo Yacob, CEO, said:
“In 2013 I couldn’t find an adequate coding toy for my son, so I created my own and built a global multimillion dollar business around it. I’m doing the same with Pigzbe, and I know other parents feel the same as way I do. Families have throughout history acted as micro-financing networks amongst each other, however oddly, money has not seemed to have evolved with them. In developing Pigzbe, we have the modern, globalised family in mind, and want to completely unlock their potential as micro-financing networks.
“There’s a lot to be said of the potential of blockchain technology. We’re taking best-of-breed knowledge in this area and marrying it with beautiful design and a faultless economic model. It’s a first for the industry and a move we hope will capture the crypto community’s imagination.”
Yannick Naud, Economics Advisor, added:
“When it comes to cryptocurrency and blockchain technology, we’re at the tip of the iceberg in terms of potential. Pigzbe wouldn’t be possible without the benefits that come with a utility token – almost instant transfer at negligible cost – all held safely on the blockchain and self-managing. We’re confident that anyone who has faith in this technology will see Pigzbe as a natural fit for crypto use, and that the people involved will ensure this exciting project is a huge success. ”
Summary
Pigzbe therefore enables a more rewarding, educational and efficient mechanism for pocket money, family financial saving and education. What excites me most about Pigzbe's solution in a broad sense is that it is able to successfully and effectively connects the digital crypto space to the real-world. By combining hardware and software in such a way allows for the secure and efficient transfer of cryptocurrency between family members, whilst providing a rewarding, engaging and educational experience for children.
As the blockchain industry progresses it will be fascinating to see how cryptocurrencies are slowly introduced into the family home. I believe solutions such as Pigzbe's will be crucial in bringing crypto into the mainstream; especially those that can provide education about finances and cryptocurrency through a fun, engaging, and useful means.
I can see Pigzbe and Wollo being the first point of contact between many families and the cryptocurrency space, and will be a fascinating project to watch develop.
ICO Details
Website: https://pigzbe.com
White paper: https://pigzbe.com/pdf/pigzbe_whitepaper.pdf
Dates: TBA
Whitelist/KYC: KYC
Country: Switzerland
Ticker: WLO
Platform: Ethereum
Token Type: ERC20
Available for sale: 175,000,000 WLO (25.9% )