Mobile software company Stack has launched an app of the same name designed to teach teenagers under 18 how to trade and store digital currency.
The developers said that the application has collected a lot of useful information on how to use digital assets – an alternative to what they can find on TikTok or Reddit.
The app works through parental controls and accounts are regulated under the Uniform Transfers to Minors Act (UTMA). This allows the teenager’s parent or guardian to retain ownership of the account, as well as the assets stored on it, until the child turns 18.
According to Stack CEO Will Rush, there is a lot of demand among teenagers for everything related to cryptocurrencies these days. However, the information they receive on the Internet is often superficial and scattered. The application seeks to compose it and provide it in an understandable way.
“The younger generation is very dynamic, they follow trends that develop not in a day, month or years, but in minutes. Therefore, TikTok and Reddit often become financial advisors for them,” said Rush.
In addition to educational content, Stack offers a full-fledged trading platform where you can buy and store BTC, ETH, SOL, LTC, ADA, USDC, and MATIC. Transfers outside the platform are currently prohibited. According to Rush, this reduces crypto fraud by 98%.
Earlier, Alto conducted a survey among millennials, finding that more than 40% of participants have already invested in cryptocurrencies. The company also learned that the popularity of digital assets among people aged 25 to 40 has grown significantly in recent years.
Source: Bits
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