Colombia’s government has announced plans to fund a new app, board game and book to educate children and young people about investing in cryptocurrencies and the stock market.
According to report, the game was proposed by Henry Jean Velásquez in response to an appeal by the government for innovative projects that can help foster financial literacy among young Colombians.
The government’s appeal for proposals was issued as part of the CREA Digital Call 2021 framework jointly launched by Colombia’s Ministries of Culture and of Science, Technology and Innovation.
As the emerged winner, Henry Jean Velásquez will receive 119 million pesos which is roughly about $31,000 and will be expected to present a transformed version of his proposed game in the form of a downloadable graphic novel for Windows and Android in November.
However, Velásquez described his game, dubbed “B Coin: Learn to Invest in the Stock Market,” as a model that will simulate the experience of retail trading as follows:
“The user enters at once to invest and competes against two more players […] and has to interpret the movements of the stock market so as to buy and sell at the right time and earn money. S/he can buy stocks, cryptocurrencies, commodities and trade in the forex markets. Each asset has a specific trend that is simple to interpret.”
Velásquez therefore said, “We are improving the project’s graphic and pedagogical aspects. Through creative consensus, we concluded that we are going to transform it into a graphic novel so that it is easier to teach.”
He further said that in addition to the new version, they will also produce a board game and book by March 2022 to further strengthen the project.
Velásquez however pointed that his inspiration for B Coin was drawn from a Colombian government decree from 2014, which stipulated financial and economic education in Colombia as a topic that the country’s schools should cover so that children and young people can better understand economics and the dynamics of the financial system.
Meanwhile, the Columbian Government therefore disclosed that B Coin will begin distributing via popular app stores in December.