Would be a perfect way to introduce kids to cryptocurrency. No need to deal with regulatory agencies. The "points" (btc/ether) are actually worth something (whether more or less in the future).
kid marks they've completed task, parent xfer bits to kids wallet. Kid can now buy games at newegg or gift cards from tons of stores through Gyft.
the smart kids (like my oldest daughter) roll the dice and Alex p. Keaton it for long term savings that has decent potential to multiply in value.
I do this with my kids already, but with no app..just verbal "do this and I'll pay you $0.25 in bitcoin" an app with actual chore list they can work through and automate fund transfers would be awesome.
If you're a rich VC make sure you PM me to partner up. There's only one way to successfully monetize this, and I'm the only one who knows it.
Small target market but growing every day...the power of "frictionless transfer of value outside the insanely regulated walled garden of fiat banking and high finance"
Very close to what I was thinking. BTC or possibly a credit card for the kid to use. Doesn't need to go through a bank. Kid gets a card, parent accepts chore, piggybank charges parent, piggybank credits kid.
The problem as I see it is the founders didn't think about what they were doing, and didn't have the right attitude to find another way.
There's plenty of exchanges outside USA. Safello is currently the big local one here in Sweden, and there's plenty of bigger ones in other European and Asian countries.
kid marks they've completed task, parent xfer bits to kids wallet. Kid can now buy games at newegg or gift cards from tons of stores through Gyft.
the smart kids (like my oldest daughter) roll the dice and Alex p. Keaton it for long term savings that has decent potential to multiply in value.
I do this with my kids already, but with no app..just verbal "do this and I'll pay you $0.25 in bitcoin" an app with actual chore list they can work through and automate fund transfers would be awesome.
If you're a rich VC make sure you PM me to partner up. There's only one way to successfully monetize this, and I'm the only one who knows it.
Small target market but growing every day...the power of "frictionless transfer of value outside the insanely regulated walled garden of fiat banking and high finance"