Piggy Wallet Hits the Mobile Payments Buttons

April 12, 2018         By: Steven Anderson

Sometimes you find something that just hits all the buttons. Like every button. All at once. That’s what recently came our way from Pigzbe, who dropped word our way about the new Piggy Wallet, a tool that offered financial literacy training packaged in a convenient game, and then supported the whole thing with its own cryptocurrency token issue.

Piggy Wallet is essentially designes as a way to teach younger children about financial topics via the expedient of a video game. Geared toward ages six and up, Piggy Wallet teaches children about making money, but also about saving money and managing that money for the things they want down the line. Kids can earn money by playing the game, and their parents can reward certain real-world tasks with Wollo as well.

Attempting to teach many of the same lessons of the old-fashioned piggy bank, but incorporating the modern edge, Piggy Wallet isn’t powered by quarters and pennies, but rather by Wollo, the Pigzbe proprietary crypto token. Piggy Wallet even has a card-based tool, the Wollo Card, that allows users to spend Wollo like most any other, among specific retailers, which really weren’t defined as yet.

It makes some sense to introduce kids to cryptocurrency early, especially if it takes off, but it’s the kind of thing that can be used in the abstract, too. Whether you’re earning Wallo or spending dollars, the lessons learned from Wollo can likely be used to apply to any currency. There’s no reason teaching financial literacy needs to wait until high school or later. Incorporating gaming into the concept makes it more accessible, and the end result should prove impressive. Of course, there are still some big questions, like what retailers actually accept Wollo, though that may not be a problem if Pigzbe itself intervenes. If it changes Wollo to local fiat on the fly, then it really doesn’t matter.

In the end, it’s hard to go wrong with teaching kids about money. Doing it in a way the kids will actually internalize, meanwhile, could give rise to some kids with impressive financial literacy, and that could mean fewer opportunities for scammers and a better-informed consumer down the line.