Blockchain and the financial inclusion

The racial diversity and financial inclusion are good for cryptocurrencies and Blockchain, and the industry has work to do. That was the general conclusion of the entrepreneurs in a virtual event on 14th June organized by Cleve Mesidor, the founder of the Network of National Policy of Women of Color in the Blockchain.

The “Juneteenth” is the celebration of the June 19, 1865. When the last group of african-americans enslaved knew the Emancipation Proclamation which the President of the united States Abraham Lincoln had signed two years before.

While the educational system of the united States has left many ignorant of the origins of this day. There is a resurgence of interest by turning it into a national holiday after unleashed protests around the world in response to the murder of George Floyd.

The conference on Blockchain online

This Friday, June 19, the panelists at the event commented that the cryptocurrencies has the potential to give greater opportunity to the citizens. To opt out of what they described as a financial system that is racist in Wall Street. That said, they added that black people and people of color must be part of the development of the technology for that to happen.

The entrepreneurs met in order to treat financial inclusion in the cryptocurrencies and Blockchain, since, as you say Wall Street is a financial system that is racist.

Isaiah Jackson, founder of KRBE Digital Assets Group and author of “Bitcoin & Black America“, said that he believes that the investment of black people in digital assets would create a system that is stronger than that of Black Wall Street. A commercial district black that was burned down by the mobs of white during the massacre, the Tulsa race in 1921.

“You can’t burn the technology of cryptography and blockchain. I want to encourage all of us to stay vigilant and make sure that you start to move your money and savings out of this failed system… We have to make sure we use systems that are resistant to censorship and little money as the Bitcoin,” said Jackson.

Sinclair Skinner, the co-founder of the company pan-african remittances of Bitcoin BitMari, agreed, saying that the spirit of Bitcoin and the spirit of the black community are aligned.

We say that Satoshi is black. But Satoshi was probably a black woman because a man would never have been able to go away and not take the credit.

Said Skinner

We must strive more…

However, despite the potential of the cryptocurrencies, the industry is not immune to the same social ills that have affected the world in general, ” said Skinner.

Blockchain is full of racists. It’s like the rest of society.

Commented Skinner

In the fight for the capital risk, the enthusiasts of the Blockchain should remember that the entrepreneurs of the cryptocurrencies and the founders blacks face the same problems, being rejected for being different, ” said Mesidor.

In turn, the entrepreneurs should choose investors who have diverse backgrounds, said jalak bali Jobanputra, founding partner of FuturePerfect Ventures. A fund of early stage investing in technology blockchain and machine learning.

We need to ensure that the diverse voices are represented, unlike what happened with the Internet 20 years ago.

Said Jobanputra.

A source of funding to entrepreneurs cryptographic could use is to the offices of black families, said Genevieve Leveille, director-general of AgriLedger. Company of Blockchain based in the Uk that seeks to ensure the fairness of remuneration for the farmers.

“We’re heading to a technology in its early stages and many people don’t see clearly still opportunities. There are many offices of black families and we should take advantage of that network,“ said Genevieve Leveille.

Cryptography is also another way in which black entrepreneurs can achieve economic equality, said Jomari Peterson. Phd student at Carnegie Mellon University focused on the empowerment of underrepresented communities through micro-loans and games.

“We can’t wait until it is too late and these systems are already around us,” he said.

According to all the entrepreneurs and panelists of the conference. We must take advantage of the cryptocurrencies and Blockchain as soon as possible to realize financial inclusion.

Did you like the content? Share it

Cryptocurrency Market