Tuesday, July 23, 2024

Why is the mayor of New York in support of crypto education?

With a public statement in favor of adding cryptocurrency to school curriculums, the incoming mayor of New York Eric Adams is making headlines in crypto news outlets. While talking about his vision to make New York a cryptocurrency hub, the would-be mayor said that children need to learn about bitcoin as it is a global medium for transactions. It is especially true following recent events in the world. El Salvador has made Bitcoin a legal tender, and many companies now let users pay in cryptocurrency for their services. From travel websites to real estate managers, the cryptocurrency adoption rate is very high.

However, these events do not mask the fact that crypto literacy rates are extremely low across the world. In countries like the United States, almost 95% of people do not have a working knowledge of cryptocurrency and blockchain technologies. The numbers would be even more skewed in some other countries. Eric Adams believes that ground-level knowledge at a young age would make future adults more capable of handling cryptocurrency. It has a very practical side as well. Crypto-related cybercrime is at an all-time high. Education about the functioning of the ecosystem would make people much more aware, resulting in fewer frauds. Keeping all these factors in mind, adding cryptocurrency and blockchain technology to school curriculums makes perfect sense. The sooner such steps are taken, the better it is for future generations. many people are hopeful that the incoming mayor would successfully introduce such changes to the education system.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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