We are rapidly moving toward a digital world, and while it may be some time before artificial intelligence is cleaning your bathroom, digital money is already knocking on the door. Bitcoin and other cryptocurrencies are starting to make the push into the current financial system, and without some basic ‘money education’, a lot of people will fall behind even further – not just financially, but also in terms of opportunity.
April is Financial Literacy Month in the United States, and a good time to bring awareness of the need for accurate, beginner-level educational material on cryptocurrency. The level of misinformation and deceptive, if not fraudulent promotion is more than just a little disturbing. Equally disturbing in the world of cryptocurrency and initial coin offerings (ICO), is the number of people believing everything they hear or read because they lack subject knowledge. They believe the media, they believe the guy at work, and worst of all, they believe it’s possible to earn 30% per month because that’s what the ad said.
We often assume that it is those without money or in debt trouble, that have the greatest need for financial literacy, but that’s not always the case. There is a lot of money being made in the cryptocurrency industry, and for those that got in early or happen to find a sleeping unicorn, what will they do with their windfall? Research from the National Endowment for Financial Education, estimates that up to 70% of all people who suddenly receive large amounts of money will lose that money within a few years.
“Access to technology and digital literacy will be increasingly critical in the financial literacy world.”Jane Rooney, Digitising finance, financial inclusion and financial literacy, at the G20 Conference in Germany (2017)
- In 2015, the gap between what Americans have in pensions and retirement savings, and what they should have accumulated by now in order to maintain their current standard of living, is $7.7 trillion. Retirement Income Deficit
- 5.4 million U.S. real estate properties have a market value of 25% less than the amount of money owed on them. RealtyTrac
- Student debt now tops $1.5 trillion. Student Loan Debt Clock
- 46% of Americans do not have enough money to cover a $400 emergency. Federal Reserve Report
 Digital Literacy Crisis – The Education system Needs to ‘Get With the Game’ – https://www.dnotesedu.com/2017/
 Financial Literacy and Planning modules – https://www.dnotesedu.com/
The DNotesEDU platform provide
- For beginners that are having trouble understanding what cryptocurrency is – If Cryptocurrency Confuses You… Start Here
- Learn how to reduce some of the risks of investing in cryptocurrency – Cryptocurrency & ICO Screening Guide for Investors
“DNotesEDU is an amazing project and it is timeless. Education is a vital contributor to mass adoption of digital currency in global commerce. I am very proud that our team has done such a remarkable job. Every serious investor, regulator, and law maker should spend time on this site. Frankly, I am learning from it as well.”
– Alan Yong, CEO of DNotes Global Inc.