Kickstarter Campaign to Launch Bitcoin Piggy Bank for Kids

Executive Brief

A group of developers in Denmark is launching a Kickstarter campaign to raise additional funding for a digital currency piggy bank that can be accessed through the Ernit app. The piggy bank is designed for kids to save bitcoins and track their savings.

In addition, the developers – many of whom have children of their own - hope to educate children about the growing importance of digital currencies and how they are a viable option for conducting financial transactions all over the globe in a decentralized environment.

Read the full story below. 

An idea emerged about three years ago when a group of parents and others with an interest in cryptocurrency started talking about providing their kids with digital currency. The group, based in Denmark, has now decided to launch a Kickstarter campaign which will assist in funding a digital piggy bank through the Ernit app. The app is designed to allow children to save bitcoins.

The app is part of an interactive physical bank and provides an opportunity for kids to see how close they are to reaching their saving goals. The idea is to familiarize children with the concept of decentralized currencies so that they better understand what is likely to be an integral part of the world’s future society and monetary system.

To use the system, parents simply have to install the app and set up an Ernit account. Users can then link up to the provided bitcoin wallet or a regular bank account. Parents then have the capability to add their children to the account, and include any other family members who are willing to contribute funds to their child’s bank. The child will receive an alert whenever funds are received in his or her account.

The project has already received $15,000 in grants from a Danish innovation fund which attracted roughly $75,000 more from investors. But the group hasn’t stopped there, and is trying to raise an additional $80,000 through Kickstarter. According to the founder of Ernit, Thomas Bjerring, the additional funds will be used for the ongoing development of new features, as well as additional beta testing. Bjerring is also reminding everyone that the app will be a free service for consumers, but the piggy bank itself will cost a small fee.

If this sounds like a great idea, that’s because it is. Anything that can teach the next generation about digital currency and help young children to grow up comfortable with the concept of digital money is definitely beneficial these currencies in the long run. This new program follows in the footsteps of the innovative CRISP for Kids program which was launched in 2014 as part of a joint collaboration between DNotes and CryptoMoms. The CRISP savings and investment model is a great succes and it is not surprising that others would seek to emulate its innovative approach to introducing children to digital currency.

The launch of this new piggy bank project will only add to the success that DNotes has been enjoying in its efforts to introduce digital currency to the next generation. As a result, it is a welcome addition to the ongoing effort to educate society as a whole about the many benefits that these currencies can provide.

For those who have long lamented the inherent difficulty of educating the public about digital currency and gaining broader acceptance, this news is just one more example of how the generational gap can be closed. Children, after all, were among the earliest enthusiasts for many of the new technologies in use today. With the right approach, that younger generation of tech-savvy users could lead the way toward greater acceptance of digital currency as well.

Author: Thomas Moore

Thomas Moore is a writer and researcher with a love for the eclectic, family and the world we inhabit. He spends his spare time photographing the varied wildlife that surrounds us daily and contemplating why Firefly never made it past season one.

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