The Cash app is what credits cards should be.
It combines physical and virtual credit cards and also lets users send and receive money from others.
Now they learn to use the same electronic financial tools as adults, only with plenty of parental control.
Square
Parental educatorSari Beth Goodmanagrees.
“It is vital that children learn to work with cards and online/payments.
When you have cash in your wallet and spend it, there is less cash in your wallet.
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you’re free to see it.
If a child has proper training, they will be well-prepared when they begin making a wage for themselves.
It looks exactly the same.”
Parental Oversight
At the same time, kids need to learn to be independent with their money.
And that may be bad.
So far, electronic spending has mimicked cash, but it could do much more.
Alternate currencies already existand we don’t mean Bitcoin here.
Hyperlocal currencies, created by communities, often have rules about how they can be spent.
For example, theGreek TEMis only accepted in the city of Volos, where it is made.
This keeps money in the community.
