Intelligent Environments, a financial technology company published in The Telegraph shows that the parents are increasingly paying for digital currencies which kids can use on gaming platforms or online services. The survey has found that 4 out of 10 parents don’t give pocket money to their children. Some of them choose to transfer money into their child’s bank account instead, while others are forced to pay their kids in digital money.
The change in trend can be attributed to the increasingly online interaction among children. Armed with iPads, Xbox and other electronic devices, they prefer to spend their pocket money on latest games and music than on sweets and candies. At least parents don’t have to worry about their kids’ teeth anymore.
Telegraph has chosen to publish the response form one of the candidates who took part in the survey. A North Londoner, Gary Monaghan has two kids – a son and a daughter. According to him, the tops up his son’s Xbox account and daughter’s iTunes account. Instead of asking for sweets, toys and stickers, they buy new games, in-game purchases and latest music with the digital pocket money they receive from their parents.
Even though this shift doesn’t come