Developers have created an app for cryptocurrencies aimed at teenagers and young people

As it became known, the main goal of the new crypto application is to provide teenagers with not only theoretical but also practical knowledge that will help them earn money on cryptocurrencies in the future. The developers emphasized that Stack will offer young traders better educational alternatives than bloggers on Reddit and TikTok.

It is worth noting that the application has a parental control function and is regulated by the US Unlawful Transfers to Minors Act (UTMA). According to the UTMA, parents and legal guardians of children and adolescents retain ownership of their financial assets until the age of 18. In the case of the Stack app, parents of teenagers will be considered the owners of accounts and digital assets until the young users become adults.

«All our research on Generation Z shows that they learn on their own, but they also follow trends, such as the development of the crypto world. TikTok and Reddit are often their financial advisors — this needs to change,» emphasized Stack CEO.

At the time of writing, the platform offers services for buying, selling, and storing 7 digital assets, including: BTC, ETH, ADA, SOL, USDC, LTC, MATIC. To use Stack, customers have to pay $ 3 per month.

Obviously, the new app will appeal to parents who want to teach their children how to invest in cryptocurrencies. According to a Study.com survey conducted at the end of August, 64% of American parents who invest in digital assets want to teach their children about it. Interestingly, the majority of respondents are convinced that a course on blockchain technologies and investing should be a mandatory part of the educational process in schools.