Conventional piggy banks restrict people from finding out how much money they have inside of them, but the app-enabled piggy bank is able to solve that problem with just a swipe on a phone.
The 'Porkfolio' is a smartphone-enabled piggy bank that tells a person how much money they have inside the piggy bank through an app in their smart phone. The smart piggy bank's nose lights up when a coin is inserted inside of it. The only way to open the Porkfolio is by using the app to open, according to the website. When someone tries to open it manually it alerts the owner through the app. The concept of the piggy bank was to teach kids about the idea of saving and online banking.
Key Themes Behind This Trend
- App-enabled Piggy Banks
- Opportunity for creating more smart piggy banks that teach kids about saving and online banking through app integration.
Where This Applies
- Fintech
- Opportunity for fintech companies to develop smart piggy bank solutions that integrate with online banking.
- Toy Manufacturing
- Opportunity for toy manufacturers to create app-enaabled piggy banks that offer a digital savings experience for kids.
- Education Technology
- Opportunity for edtech companies to develop app-enabled piggy banks as a learning tool for teaching children about money management and saving.
