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A fourteen-year-old native of the Netherlands would prefer to receive his pocket money in cryptocurrency.<\/p>\n
What Happened:\u00a0<\/strong>In a handwritten note shared on Twitter, the teenager asks his father, who owns and operates a Cardano <\/strong>(CRYPTO: ADA) stake pool, to give him his weekly allowance in ADA instead of fiat currency.<\/p>\n Wow I received this from my son of 14 today! #cardano<\/a> #cardano<\/a> #smartcontract<\/a> It basically say he wants his allowance paid out in ADA en calls it a smart contract pic.twitter.com\/pPZcpOidTh<\/a><\/p>\n \u2014 NEO Stakepool (@neo_stakepool) July 12, 2021<\/a><\/p>\n<\/blockquote>\n \u201cI always hear you speak about your coins and Cardano. Always enthusiastic and with a smile and that it\u2019ll be the future. I have for this reason decided that I would like to get my pocket money in ADA from next week,\u201d said fourteen-year-old Noah in the note.<\/p>\n Noah concluded the note by adding, \u201cDon\u2019t you think this is a smart contract?\u201d<\/p>\n Why It Matters: <\/strong>Staking is a way for long-term crypto holders to earn passive income on their investments\u00a0by delegating their cryptocurrency to various stake pools.<\/p>\n According to data from Staking Rewards, Cardano has over $29.5 billion in staked value leads as the crypto-asset with the largest amount staked.<\/p>\n Over 69% of ADA\u2019s circulating supply has been staked so far, earning an average reward of 6.63% per annum.<\/p>\n JPMorgan Chase & Co. <\/strong>(NYSE:JPM<\/a>) estimate<\/a> that the launch of Ethereum <\/strong>(CRYPTO: ETH) 2.0 could kick-start a $40 billion staking industry by the year 2025.<\/p>\n\n