Kwame Stover, crypto millionaire, professor of finance from Fayetteville

On Christmas Day, the iconic Staples Center, home of the Los Angeles Lakers, was renamed Arena after it was acquired for $ 700 million. This name change not only signifies a rebranding for the building, but the name change is indicative of changes in the lifestyle. Crypto is the short name for cryptocurrency, or an internet-based medium of exchange that uses cryptographic functions to conduct financial transactions. Simply put, cryptocurrency is the new currency.

Although physical money is still in circulation, digital transactions are increasingly common. Kansas City Chiefs tight end Sean Culkin broke new ground when he became the first NFL player to convert his entire salary into Bitcoin. Although Culkin was the first, players like Odell Beckham Jr. would follow soon. Large companies such as Microsoft, PayPal, and Whole Foods have started to accept cryptocurrency as a method of payment. Traditional schools teach obsolete methods of money. However, there is a new generation of teachers educating the masses about financial literacy.

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