New York authorities are talking about introducing the study of cryptocurrencies in high schools. How developed is financial literacy training in the crypto market today, and what does this mean for investors?
New York initiatives
The recently elected mayor of American New York, Eric Adams, proposed to study cryptocurrencies in high schools. He believes that by doing so, city educational institutions will be able to prepare a person for real life who will be ready to keep up with the times. According to Adams, a successful economy today cannot successfully develop qualitatively in isolation from the crypto market and blockchain technology. The New York mayor believes that young people today are not sufficiently aware of the crypto market, but cryptocurrencies are already quite successfully used as a means of payment in many countries around the world.
Source: cnn.com
This is not the first such appearance by Adams. Even during his election campaign, he promised his voters to turn New York into the center of the blockchain industry and create a city cryptocurrency. He also said that he was ready to receive his salary in bitcoins, as the mayor of another American city, Miami, Francis Suarez, had previously stated.
Not only schools
Of course, the idea of introducing training in the basics of the functioning of the crypto market still sounds quite innovative. However, higher education institutions today are already quite successful in this work.
According to research by the cryptocurrency exchange Coinbase, conducted jointly with the research company Qriously, 28 of the world's 50 leading universities already have courses in the study of cryptocurrencies and blockchain technology in their programs. Moreover, this year, compared to last year, the number of such programs has increased by 15%.
The leader in the field of cryptocurrency education, according to Coinbase representatives, is Cornell University. In general, the top 10 global universities that have educational programs teaching the basics of the functioning of the crypto market are dominated by American universities.
Of the 735 students surveyed Qriously, about two-thirds are very skeptical of the modern financial system and are eager for change. More than a third of them would like to study cryptocurrencies and blockchain technology.. And 82% of the universities identified in the study have at least one student club in which students study the crypto market.
All this, both the statements of the mayor of New York and the interest in cryptocurrencies on the part of university students, indicates that digital currencies are attracting increasing attention from people as the means of payment of the future. The authorities see this trend and its most progressive representatives are trying to keep up with the times, and this actually means the recognition of cryptocurrency.
Author: Dmitry Noskov is an expert at the StormGain crypto exchange (a platform for trading, exchanging and storing cryptocurrency)
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