Children aged six and over can now own cryptocurrency using an app called Pigzbe, which functions as a digital piggy bank.
Created by entrepreneur Filippo Yacob, the app aims to teach children about cryptocurrency and finance while encouraging saving.
Described as a "piggy wallet", the service operates using a blockchain-enabled currency called Wollo, which is described as the first cryptocurrency targeted specifically towards children.

"More than a piggy bank, Pigzbe is a 'piggy-wallet' for children, parents and families, powered by its own family-friendly cryptocurrency called Wollo, designed to be suited to thousands of tiny transactions as parents reward chores or give pocket money," explained its creators.
The "family-friendly" cryptocurrency is part of a growing trend in blockchain-enabled currencies, which include Bitcoin, Litecoin and Ethereum, as well as more obscure coins like Dogecoin and Putincoin.
The app encourages children to save in a cashless society, which is difficult with digital piggy bank apps that either do not allow small transaction or charge large transaction fees.
"Learning about money early is key to developing positive financial habits, but it will be impossible to do in an increasingly cashless society, and with current banking products," said CEO, Yacob.
"When I looked for digital piggy-bank apps for my own son, I couldn?t find anything that would allow me to make small payments ? even one penny...