Financial education isn’t easy to come by. While many colleges around the world have begun to slowly offer blockchain and cryptocurrency courses to students, the numbers are relatively small, and the change isn’t coming fast enough to really get students ready for careers in the blockchain industry. The Litecoin Foundation is looking to change all that through its new partnership with UNICEF.
Litecoin Foundation and UNICEF Seek to Educate Kids
The cryptocurrency firm has joined hands with a division of UNICEF known as UNICEF Kid Power and is looking to develop financial education for young children at an early age so they can begin getting the knowledge and experience they need as soon as they enter the classroom. This is unique in that many people interested in financial careers must wait until their college years or adulthood to garner the data they require, but Litecoin is looking to tackle this problem early by granting children special access to financial education.
This, executives say, will ensure children always know how to invest, leading them to wiser monetary decisions in the future.
Charlie Lee, managing director of the Litecoin Foundation and creator of the Litecoin cryptocurrency, explained in an interview:
We are excited to work with UNICEF Kid Power to give the next generation of kids the tools they need to build healthy financial foundations and give back to their communities along the way. Litecoin and other cryptocurrencies have an enormous potential to benefit those who have been left behind in the traditional financial system and this theme of driving financial equality and giving back is something that is core to the Litecoin Foundation’s philosophy.
UNICEF Kid Power is a program that works to deliver food sources to malnourished children across the globe. Kids that participate in the program can garner what are known as Kid Power Coins, which they can use to donate to their favorite charitable organizations. The idea is to give back to struggling communities while also teaching children about the power of finance.
The Litecoin Foundation will set the ball rolling on its new partnership by hosting what’s called “Kid Power” in two months during the Vegas Blockchain Week in Las Vegas, Nevada. People who visit the Kid Power Booth could potentially unlock as many as 125,000 Kid Power Coins, which will be donated to schools throughout the city.
The Power of Education
Vice president of UNICEF Ventures and creator of UNICEF Kid Power Rajesh Anandan expressed his joy over the agency’s collaboration with the Litecoin Foundation, stating:
We are thrilled to collaborate with Litecoin Foundation to empower a new generation of global citizens. We are showing students that they have the power to make a difference in the world while, at the same time, helping their own communities on issues that matter the most to them.