With the help of Stack, teenagers can start trading and learning about crypto.
Stack, a Seattle-based mobile software firm established in 2021 by Will Rush, Natalie Young, and Angela Mascarenas, has launched an app designed to teach teens and their parents about crypto while allowing hands-on experiences, such as trading.
The company aims to provide accessible and reliable crypto education alternative to what may be offered by crypto influencers on social media platforms, like Reddit or Tik Tok.
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"All of our research about Gen Z demonstrates that they are self-learners but also that they follow trends that evolve in minutes instead of days, months or years. This means that too often, TikTok or Reddit is their financial advisor,” said Stack CEO and co-founder Will Rush.
The app will also provide parental control for those users who are less than 18. The founders highlight that user accounts are managed based on the Uniform Transfers to Minors Act, which allows parents or legal guardians to have ownership of user accounts and assets until the child reaches legal age.
Despite having detailed educational courses, Stack allows users to buy, sell, hold and trade crypto assets or at least get familiar with it. Upon the release, Stack lets users trade using Bitcoin (BTC), Ether (ETH), USD Coin (USDC), Solana (SOL), Polygon (MATIC), and Litecoin (LTC).
What is more interesting about this app is that it doesn't have trading fees. The company takes a monthly subscription fee of $3.00. However, new users will be rewarded with 6 months of free trading.
According to the news report shared by fintech news website TechCrunch, the company aims to compete with such crypto giants as Coinbase and Robinhood.
Gen Z is considered an entrepreneurial generation. As a result, many of them are crypto-curious. Coinbase and FTX have served as consumer entry point to crypto through crypto trading and educational content. However, they are inaccessible to the minors — the next generation of consumers.
The app is currently available only on Android.
