Cryptocurrency and blockchain technology took the internet by storm a few years ago as an alternative to traditional monetary units, and though the bubble has slowed down a bit, it’s still an effective means of making online transactions and investments. Cryptobriefing.com reports that Carlos Acevedo, a high school English teacher in the south Bronx, is bringing cryptocurrency education to his classroom in order to help combat financial strife in an area where banks are few and far between.
According to the site, in the south Bronx there is only one bank per 20,000 people. That leaves residents with predatory options like check cashing storefronts or payday advance loan offices. Acevedo believes that cryptocurrency provides a less bureaucratic option for students to control their finances. The site also stressed that the crypto industry is a new sector that needs workers.
Earlier this year Acevedo held a two-day information session for twelve alumni students, during which he hosted several leaders in the blockchain community. The students were taught how to use the currency and how to benefit from it in lieu of the traditional banking that has been made scarce to them. Acevedo believes that cryptocurrency is the answer to a lack of money and lack of access that the students face.