For many, the function of a wallet is to store cards in easy to access compartments. Similarly, cryptocurrency wallets are used to store private and public keys and allow users to interact with blockchain to send and receive digital currency. Unlike the traditional wallets, digital wallets don’t store currency but instead stores the records of transactions on the blockchain.

The pressing question most people have is whether cryptocurrency wallets are secure and if they are, how to get more people to use them. Like all things, the level of security of cryptocurrency wallets highly depends on the type of wallet being used (desktop, mobile, offline). Online wallets have been most exposed to hackers whereas offline wallets are less prone to hackers because they are not connected to an online server. While security may be an issue, many users of crypto wallets do research on which wallet to trade from.

With an increasing number of adults using crypto wallets for varying purposes, we were intrigued to come across a new ICO startup “Pigzbe” which offers a family-friendly cryptocurrency that lets six-year-old start collecting their own crypto tokens. Thanks to our ICO Analyzer, we were able to pick up the social media traffic Pigzbe was receiving because let’s face it — if crypto is the future, what better time to train children about cryptocurrency than when they are young!

While Pigzbe is designed to teach children about the future of money, it does work a little differently from traditional crypto wallets. It doesn’t have the same kinds of high transaction fees and eventually provides users with a payment card that will allow children and families to spend hard earned Wollo (token) in multiple currencies, online and offline, in the real world.

By giving children an incentive to collect tokens, not only is Pigzbe bringing cryptocurrency to children but is also revolutionizing the way crypto will be used in the near future. Teaching children about money and the rewards that come with savings is a life lesson and what better way to implement than using a crypto wallet?

Although, technically there is no legal age to buy bitcoin most exchanges mandate a minimum age of 18 in keeping with KYC requirements. An ICO such as Pigzbe will allow children (ages 6 and older) to use the application in the same way that crypto wallets are utilized. The only difference, and perhaps a downfall for older children is that Pigzbe is designed to enable families to make payments within their own network which is entirely managed by parents who are the primary account holders. Also, the physical card for spending is also managed by parental controls. Children who fall in the adolescent age group (10–18) may find the games to be elementary in nature and uncomplicated which may also be a downfall.

Pigzbe does offer a good initiative for children in terms of saving money and learning about cryptocurrency. Being the most prominent digital wallet for children in the market, Pigzbe is offering an autonomous financial network which is an essential aspect of any digital wallet.

Perhaps, an ICO that can also cater to adolescents, rather than just children may also be a stepping stone in educating the upcoming generations on cryptocurrency.