Credit: seksan Mongkhonkhamsao via Getty Images. Carolyn Vadino, who heads up educational initiatives at the crypto exchange Gemini, remembers when financial literacy meant learning how to balance a checkbook. The lesson for Vadino was that her education — though out of date now — was matched to actual financial needs. With that in mind, she now believes schools should be teaching classes on cryptocurrencies, which in her view will be crucial for students going forward.
While calls for more crypto education are common in an industry that is often explaining itself , the idea that everyone should be learning more about crypto is beginning to spread. New York City mayor-elect Eric Adams said in a CNN interview earlier this year that the city must "open our schools to teach the technology and teach this new way of thinking when it comes down to paying for goods and services.
If Adams is successful, he'll have broken the mold, because crypto education is still largely the purview of industry efforts such as Gemini's Cryptopedia, an online learning platform with courses on everything from "What is Bitcoin? The platform is just one example of what is already a cottage industry. As investors continue to pour into the crypto market, educators of varying quality are popping up to teach them. Whether crypto education can make the jump from private efforts to inform casual investors to a school-based education program could depend on whether teachers and administrators see crypto the way champions like Vadino do: as a key component of financial literacy.
The program aims to bring crypto education to underserved communities, and it's focused on teaching students about where crypto fits in the broader monetary system, rather than breaking down the latest investment trends. The course begins with the basics of money and then digs into how crypto overlaps with aspects of the monetary system that are relevant to students in the South Bronx, such as the cost of international remittances or the challenges facing communities that are underbanked.
This reflects the Electric Coin Company's vision of crypto education being integrated with existing financial literacy programs, rather than becoming its own separate subject. He also stressed the importance of the classes not being too top-down and said that the crypto community could learn a lot by engaging with young people about their financial needs. One student, for instance, pointed out that while crypto companies tout decentralization and anonymity, many of them still require users to provide state identification to get access.
Getting administrators on board was actually the hardest part, Swihart said. Over 22 million wallets created. Create yours now. Buy quickly and easily Use your credit card, payment app, or bank account to buy Bitcoin, Bitcoin Cash, Ethereum, and other select cryptocurrencies Buy crypto. I want to buy Bitcoin. I want to spend. For this much. Free your money and invest with confidence The full-service Bitcoin Wallet trusted by millions Buy, sell, and trade on the go.
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