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African American women are making an impact in the world of cryptocurrency. Despite the industry’s historical lack of diversity, Black women are increasingly taking on roles as investors, entrepreneurs, and thought leaders. Here are some ways in which African American women are influencing the crypto space.
First, Black women are investing in cryptocurrencies. Although women of all races are still underrepresented in the crypto market, Black women are showing increasing interest in digital currencies. A 2019 study found that Black women were more likely than any other demographic to consider investing in cryptocurrency. As the crypto market continues to grow, Black women are positioning themselves to benefit from its potential for wealth creation.
Second, Black women are founding crypto-related businesses. For example, the company BitPesa, which enables international money transfers using Bitcoin, was founded by Elizabeth Rossiello, a Kenyan-born entrepreneur who spent part of her childhood in the United States. Another example is the startup Black Girls CODE, which aims to empower girls of color to enter the tech industry, including the crypto space.
Third, Black women are advocating for greater diversity and inclusion in the crypto space. In a 2020 op-ed for CoinDesk, entrepreneur and investor Monique Black argued that the crypto industry must do more to address its lack of diversity. Black women are also forming communities to support each other in the crypto space. For example, the Black Women Blockchain Council, founded in 2019, aims to provide a platform for Black women to share their knowledge and experiences in the crypto industry.
Despite the contributions of African American women to the crypto space, the industry still has a long way to go in terms of achieving true diversity and inclusion. But as more Black women enter the space and make their voices heard, there is hope that the crypto industry will become more equitable and representative of the broader population. By investing in crypto, founding new businesses, and advocating for change, Black women are leaving their mark on the world of digital currencies.
