Stack Launches Crypto Trading App for The Crypto Curious Teens

Stack released what CEO Will Rush says is “the first crypto education and trading app for teens and their parents.
The subscription-based app costs $3 per month per user and is available for Android. It was designed with Gen Z in mind.

For the price of a cup of tea, your child can learn how to invest in cryptocurrency. The app goes for $3 per month, per user. This revenue model aligns with Stack’s mission of getting more young investors to long-term hold rather than day trade by not charging fees dependent on transaction volume. The app is available on Android and Apple devices, with users 13 and over being able to sign up.

The crypto Trading app was launched on 8th of September. Stack is the first cryptocurrency app built specifically for teenagers. The company also announced the release of the Stack app for iOS and Android Stack’s mission which is to create a safe and educational ecosystem for the large portion of Gen Z that will grow up in the blockchain era and own digital assets. With over 5,000 users on the waitlist, the app is off to a quick start.

There is a $3 per month subscription fee to use the app, and the firm will not allow off-platform transfers to deter young users from falling for scams. https://t.co/QHGTm0Xtwj

— Strawberry NG News (@StrawberryNG) September 9, 2022

Two-thirds of crypto-versed parents and college graduates in the U.S. think that crypto should be taught in schools so that students can learn about the future of our economy. The survey polled 1094 people with 67% of respondents stating that crypto education should be mandatory in schools.

Clearly this was a thesis that no one was taking a trailblazing effort on, how do we be the good guys and create a safe and educational ecosystem?

Rush told TechCrunch.

Rush is the co-founder of the company with CTO Natalie Young and CCO Angela Mascarenas in 2021. Mascarenas has over 30 years of experience in fintech and creation of mobile apps. The company is known for the creation of apps like Girl scouts, Cooper and Chase Pay. All these are uniquely equipped to create a safe space for teens and parents.

Stack limits both the assets offered on the platform as well as features on the app in an effort to protect the teens. Rush stated that app will first offer seven cryptocurrencies, Bitcoin (BTC), Ether (ETH), Cardano (ADA), Solana (SOL), USD Coin (USDC), Litecoin (LTC) and Polygon (MATIC). The coins were selected based on volume, as a safety measure. By doing this Rush believes that it will cut down to 98% of crypto theft and scams.

After a while, the company will perform what Rush calls “a more thoughtful overhaul of its educational content” that includes creating compelling financial content similar to what is popular on TikTok and YouTube. Rush believes Stack stands out from the crowd by offering features like access to the tax and control advantages of a Uniform Transfers to Minors Act (UTMA) account. When the teen reaches 18years of age the accounts will be transferred under their name. The users can also earn as they learn and might get a free monthly subscription while using the app.

We need a big lift to make it relevant to teenagers and are looking at educational topics like NFTs, metaverse and web3, We aim to be the trusted account for democratizing investing for young people.

Rush said