Innovations in education and financing attract attention from cryptocurrency companies like Ripple and Animoca Brands. New approaches to financing student loans using blockchain technology are being discussed.
Crypto Education and Financing
Ripple made a $25 million donation to an educational fund for crypto education, which reignited discussions about the influence of blockchain projects on academia. In response, Animoca Brands co-founder Yat Siu noted that money alone is not sufficient for change. More meaningful may be real-world use cases like student loans backed by DeFi.
Perception Issues of Cryptocurrencies
Siu highlighted that the cryptocurrency industry faces perception problems, especially among those unfamiliar with financial tools. He suggested that educational use cases need to move beyond NFT art and meme coins. Cryptocurrencies such as student loans are easily understandable and have practical implications.
Long-term Goals in Education
Siu argues that it is important to engage students early in learning about cryptocurrencies to enhance digital currency literacy. He draws parallels with educational strategies of large companies, emphasizing that this could result in broader adoption of cryptocurrencies in the future.
While Ripple's donation may contribute to raising awareness and providing funding for education, Animoca Brands’ approach focuses on integrating cryptocurrencies into educational systems, promoting them as necessary tools.
