Pigzbe has caught my eye as a particularly interesting and innovative project, with a vision I see as beneficial for the blockchain as a whole; it is a brand new concept aimed at children and families. Specifically, Pigzbe is a digital piggy-wallet- you’ve heard of a piggy bank- but this is a piggy wallet, which transforms the concept of pocket money and financial saving/ education for children in this new digital crypto age. One thing to note immediately is that unlike many other ICOs, Pigzbe actually has a working prototype in the form of their two hardware devices- known as Pigzbe Pink and Pigzbe Black- to be used alongside their app, which will all be explained in a minute.

Pigzbe describe themselves as ‘a tangible digital piggy-wallet for children, powered by Wollo, a family-friendly cryptocurrency.’

Overview and Vision

Pigzbe’s solution is a use of a mixture of hardware and software to make saving easier, more engaging, and more educational for children and families alike. The two Pigzbe Controllers enable children to play a game which will enhance their understanding of finances, and also act as a cold storage device to keep funds safe, secure, and easily accessible for parents to transfer their child funds whenever desired. Pigzbe’s use of blockchain technology allows for reduced cost for financial transfers as opposed to traditional systems, is truly borderless, and the wallet allows for near-instant settlement of money transfers, allowing children to be rewarded in real-time.

So why have I chosen to review Pigzbe? What originally attracted me to Pigzbe is their vision and target market. I personally am not aware of any other project which targets children and families, at all, especially in such a way that can provide education about finances and cryptocurrency through a fun, engaging, and incredibly useful means. Pigzbe’s solution successfully and effectively connects the digital crypto space to the real-world, specifically in the family home. This is HUGE for mainstream crypto adoption, which is very exciting in its own right.

Pigzbe's Solution in Practice

So how does this work next-gen piggy wallet work in practice? Well Pigzbe’s solution is comprised of four elements:

The first to note is Pigzbe’s native token itself, Wollo, which has a ticker of WLO, and is the cryptocurrency which powers the Pigzbe engine, replacing physical money which would traditionally be deposited into a piggy bank.

One thing to note is that the team have clearly researched their target market and are aware that there are 205 million children currently receiving weekly pocket money who could all benefit from Pigzbe’s solution. The second element is the hardware developed by Pigzbe in the form of their Pigzbe Pink and Pigzbe Black, as mentioned earlier. Pigzbe Black is a cold storage hardware wallet which keeps funds safe and secure, and makes it easy for partents to transfer Wollo tokens to their children when desired. Pigzbe Pink is a controller for children to be used with Pigzbe’s game app, which is the third element of the Pigzbe solution. Pigzbe’s software comprises of two parts- an app for parents to be able to easily, securely, and cost-effectively transfer pocket money to children. The second is the one which most interests me as an innovative concept- a game for children which enables an engaging financial learning experience. The fourth element is the Wollo card, will allow children and families to spend Wollo in multiple currencies, online and offline, in the real world.



Problems Solved by Pigzbe

So Pigzbe are enabling a secure, engaging, educational solution to next-gen financial saving. But specifically what are the problems of traditional solutions which are being solved by Pigzbe?

Currently if you wish to transfer pocket money through the traditional banking system you would be subject to high transfer fees. Through using Wollo, however, the cost of money transfers are reduced to a fraction of a cent, so now parents have the opportunity to reward their children more often. Traditional digital piggy-banking app solutions are geographically limited in their use, not allowing for cross-border transfers. Pigzbe’s use of blockchain technology provides an international reach to over 180 countries, meaning that international families are able to effectively create borderless micro-financing networks. Finally, instead of the poor transfer execution of traditional piggy-banking solutions, which can take up to 72 hours to transfer money, the Pigzbe wallet allows for near-instant transfers as to enable children to be rewarded in real-time.

Pigzbe truly transforms the concept of pocket money and financial saving/ education for children in this new digital crypto age.

ICO Details

Taken directly from the Pigzbe website: https://www.pigzbe.com/

There is currently a private sale running, and at this point a 25% discount on the full ICO price is available, however a minimum purchase of $25,000 so is really only for the big boys in the space. If you do have that kind of money for investing and are interested in the private sale, drop the team an email.

For all of us normals, the public sale begins in July and the price per Wollo token will be $0.12.

Something exciting to note, especially if you’re planning on using Pigzbe in your own household, is that they actually offer tangible rewards in the form of their hardware devices, depending on your contribution; so if you buy 5,000 WLO tokens you will receive the Pigzby Pink controller, and purchasing 10,000 Wollo will net you both hardware devices- the Pigzbe Pink and Pigzbe Black.

As they phrase it, this is ‘the world’s first token sale with a tangible reward’.

Summary

Pigzbe therefore enables a more rewarding, educational and efficient mechanism for pocket money, family financial saving and education. What excites me most about Pigzbe's solution in a broad sense is that it is able to successfully and effectively connects the digital crypto space to the real-world. By combining hardware and software in such a way allows for the secure and efficient transfer of cryptocurrency between family members, whilst providing a rewarding, engaging and educational experience for children.

As the blockchain industry progresses it will be fascinating to see how cryptocurrencies are slowly introduced into the family home. I believe solutions such as Pigzbe's will be crucial in bringing crypto into the mainstream; especially those that can provide education about finances and cryptocurrency through a fun, engaging, and useful means.

I can see Pigzbe and Wollo being the first point of contact between many families and the cryptocurrency space, and will be a fascinating project to watch develop.

Find out more about Pigzbe at their website https://www.pigzbe.com/ and get involved in the telegram community https://t.me/pigzbeico