Why KidBit.app and Why Bitcoin?

Bitcoin is an innovative digital currency and technology and can be an exciting and educational experience for Children.

Bitcoin is a decentralized form of money that operates on a technology called blockchain, which ensures transparency and security. Through KidBit.app, children can learn about the core concepts of Bitcoin, such as responsibility, value, and the importance of completing chores. Moreover, KidBit.app introduces the concept of micropayments in Bitcoin, specifically through the Lightning Network. Micropayments are tiny fractions of Bitcoin that can be sent instantly and with low fees. This feature enables children to earn small amounts of Bitcoin for completing their chores or other tasks.

Bitcoin offers valuable savings potential for kids because it allows them to understand the concept of scarcity and the importance of saving money. Unlike traditional forms of currency, Bitcoin has a limited supply, which means it cannot be inflated or manipulated by central authorities. By saving Bitcoin, children can witness firsthand how their savings grow over time, fostering a sense of financial responsibility and long-term thinking. Furthermore, Bitcoin's digital nature and accessibility make it an ideal savings technology for kids, as it can be securely stored in digital wallets and easily transferred.

Through KidBit.app's engaging platform, children can gain a practical understanding of Bitcoin, learn about micropayments, and explore the potential for using Bitcoin as a valuable savings tool. By integrating these concepts into their daily lives, children can develop essential financial literacy skills while embracing the digital future of money.

Save the KidBit website as a Web App:

1. Open the KidBit website in the browser on your device.
2. Tap the Share icon (iOS) or the Menu icon (Android) in the browser.
3. Choose the "Add to Home Screen" option from the menu.
4. Customize the name for the app icon if desired.
5. Tap the "Add" or "OK" button to save the website as an icon on your home screen.

Now you can easily access the KidBit app by tapping the saved icon on your device's home screen.

Get Lightning Address (lnurl) as from Wallet of Satoshi

1. Download and install the Lightning wallet app of your choice, such as Wallet of Satoshi.
2. Launch the Lightning wallet app and create a new wallet account.
3. Once your wallet is set up, locate your text-based Lightning address (lnurl).
4. Copy the Lightning address to your clipboard.
5. Open the KidBit app and navigate to the home page.
6. Find the input field for the Lightning address on the home page.
7. Paste the copied Lightning address into the input field.
8. Click the "Save" button to store your Lightning address.
9. You'll obviously need a separate payment wallet like Strike.me

Q: What is a Satoshi? A: The smallest amount of Bitcoin

1. When you create a chore, you set the amount in Satoshis
2. At the time of writing, 340 Satoshis is about $0.10
3. That's kind of the point, KidBit allows microtransactions
4. Imagine trying to send your child $0.10 with a dollar based bank account.
5. Now you understand the power of Bitcoin, low fees, instant settlement, bearer asset

Bitcoin is technology, digital infrastructure, and money! Teach your kids!

How to Pay in KidBit.app using Strike.me

1. You can pay using any app that allows payment via lightning invoice qr code
2. Strike.me is one such awesome app!
3. You'll need to download, create, fund an account with Strike.me
4. Once you have that squared away, just click Bitcoin and Send via QR Code
5. Capture the QR Code presented by KidBit.app after your child completes chores and clicks complete.
6. You can pay 1 or any number of completed chores, the process is interactive with your child