Pigzbe – A digital wallet facility aimed at children, revolutionising the savers and investors of the future.

On a daily basis the financial world is changing, and with the advent of cryptocurrency and digital financing, the changes are coming thick and fast. Financial incentives and the education behind these are becoming more and more important and relevant to us all whether we are financial investors or casual savers. The global financial market is immense, and the rate that cryptocurrency is expanding is rapidly and widely. There are many new cryptocurrencies emerging daily, and the knowledge to support, invest and financially succeed in this marketplace is most definitely needed. With the increase of reliance upon the technology, blockchain affords, there is most definitely the need for knowledge for all, and for the investors of the future – our children. This is where Pigzbe neatly steps into the fold.

Pigzbe offers up a cohesive, comprehensive, transparent and simplified way in which families, and especially children, can comprehend the world of the digital marketplace, and be able to financially succeed in the way that ultimately, all monetary and financial matters will be sorted. There is no denying that cryptocurrency is the currency of the future, and it is massively important that future generations garner the knowledge to help make them successful and comfortable with the way in which digital currency operates. The concept here is simple in conception – Pigzbe has taken an object that we all globally recognise, that of the ‘piggy bank’, and turned it on its head. The piggy bank now becomes a ‘piggy-wallet’, wherein families and children can utilise the world of cryptocurrency, as we all agree it is the future of economics, and allow these families to successfully and validly save and invest their cryptocurrency, all whilst learning about how to operate in this new technological field.

The ‘piggy-wallet’ is available for children aged over 6 and upwards, and is powered by the systems own cryptocurrency, called Wollo. Wollo is specifically designed to assist and increase financial understanding and rewards through being the native token of the Pigzbe application and allows the families the opportunity to reap the benefits that a truly decentralized ecosystem offers. The entire system is massively improved from any other platforms that have previously created a ‘piggy-bank’ feature, simply because Pigzbe has considered that a ‘piggy-wallet’ is more applicable. This really does revolutionise the way in which money can be transferred, due to the nature of blockchain, as it ensures a simplified decentralized nature which speeds up and increases accessibility for all.

The Wollo token ensures that the platform is in charge of its own destiny so to speak, and the FINMA has already accepted the token as a valid currency. By utilising their own token, Pigzbe is increasing the way in which network and data sharing occur in their ecosystem, ultimately increasing marketplace effectiveness and longevity. The Wollo token is a Stellar based token, allowing for extreme cost-effectiveness and the guarantee that the token will not be diluted by an increase in token supply. The system will support other tokens and fiat currencies, and be able to convert them easily and in real time to exist in the child's wallet. The liquidity necessary to succeed is provided by the facilitating of the Wollo token in the real world financial space, and as children spend more in real-world situations, so too does the token increase in liquidity and economic stability.

Pigzbe has neatly tapped into the current market trend, that of increased participation in the digital marketplace, and the increase of cryptocurrency and the reliance on it. They have seen as a platform the massive need for a comprehensive way for in which to teach the investors of our future, an easy, simplified way to access the cryptocurrency works. The entire system is available to all and requires no centralized authority to enter into or operate within the platform. Current fiat based technology is inefficient and ineffective, with many problems that arise from fraud and hacking. The distributed ledger technology that blockchain affords allows Pigzbe to create efficient and secure ecosystems and networks, allowing a safe and accurate way for children to learn about cryptocurrency. The transfer speed will be instantaneous, recorded in the distributed ledger facility, secured with the smart contract side of blockchain technology, eliminating third-party involvement, thus increasing financial satisfaction and rewards for all.

Broken down into parts, the Pigzbe platform not only offers what they term as their ‘piggy-wallet’, a digital wallet to serve as child's the first wallet, but also offers an educational application, allowing parents to manage the wallet facility and the children who use it to learn about how the funds work within the digital wallet space. Family and friends are also able to contribute to the child's wallet, increasing financial security and learning capability all at once. The Wollo token allows the whole system to flow smoothly and cohesively and opens up the playing field to allow users the ability to access gaming facilities and the educational side of the Pigzbe Application.

Pigzbe have created what they term as a ‘physical device’ that is a device that users can participate with within the ecosystem, allowing children and their parents the choice of how to negotiate the gaming environment and educational aspect of the platform. It is not a necessity, but the enhanced nature of this device appears to only increase the enjoyment that children can garner from accessing the ecosystem as a whole. The physical device exciting offers sounds, visuals and haptics – technology that is sure to increase the child's enjoyment and learning potential. This device also offers the potential to act as cold-storage, and this as an additional feature I can only say in my personal opinion is an excellent one.

The Wollo card, the associated card with the Wollo token and the Pigzbe platform, will be usable, customisable, that is, parents, will be able to access parental control restriction options, and Children will be able to utilise their digital currency out and about, through card suppliers and exchanges who support KYC and AML processes. This in itself is also not a necessary item, but the addition of real-time, real-world financial capabilities means that the playing field for understanding their finances is massively opened for the children using the application.

The networking space that Pigzbe exists in is a cohesively placed network, with the user facilities stretching over three options and resulting in a sub-user (child) option. The main account holder has the ability to form the initial investment situation, with Wollo tokens, and then allow others access to invest and send Wollo tokens to the user. The account can also be widened to include more children within the family, and access is always available within real time. All of the data about the user and their family in the ecosystem is owned by themselves, and as the network is self-owned, there is never an issue regarding secret keys, or data being stored anywhere else on the system.

As with all blockchain technology, the Pigzbe DAapp is extremely secure and covered by the smart contract features that blockchain technology affords. Not only have the creators of this excellent platform considered Financial security, but also that of Child safety and the need for sensitive data protection. Utilising a network growth pool, an active User incentive pool, and an M&A pool allows Pigzbe the ability to increase the depth and reach of the platform, increasing the accuracy, value and validity of the Wollo token, and exponentially increasing benefits for all of its users in one fell swoop.

The idea of a Family Friendly network is one that is massively important in my eyes, and I certainly feel that this application is going to be immensely successful. I shall be watching the growth and increasing fortunes of this cohesive and comprehensive platform early. This really is the future of digital saving and digital wallet facilities, and to tap into the future generations is absolutely amazing.