Cryptocurrency is defined as “a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.” Cryptocurrency is used as a digital form of payment in investments or to purchase goods and services.
Although it has been around since the mid to late 1990s, it is often thought of as fairly new since it only recently has gained popularity. However, the industry has been male-dominated since the beginning, causing a gender imbalance in the growing industry.
Despite the development of cryptocurrency, many are still intimidated to invest. Giving women educational tools and resources like workshops, advice from an expert or joining a Women in Blockchain organization allows them to explore into the world of cryptocurrency. Learning and investing in cryptocurrency would eventually create a level playing field for women that have been on the sidelines.
According to Yahoo, more than twice the amount of investors are men, compared to women. In a Pew Research Center survey, 43% of men said they have invested in or traded cryptocurrency, compared to the 19% of reported women.
“Women don’t feel they know much about cryptocurrency,” Eva Crouse wrote for CNBC.
One of the main reasons why women are underrepresented in the cryptocurrency industry is that the industry has not addressed its own inherent issues with diversity. According to CNBC, crypto was meant to “democratize” the financial services industry by allowing diverse investors into the field.
Continue reading: https://dailytitan.com/opinion/leaving-women-out-of-crypto-widens-wealth-gap/article_ec5db3d4-d488-11ec-b242-1bf5c1751f7a.html
Although it has been around since the mid to late 1990s, it is often thought of as fairly new since it only recently has gained popularity. However, the industry has been male-dominated since the beginning, causing a gender imbalance in the growing industry.
Despite the development of cryptocurrency, many are still intimidated to invest. Giving women educational tools and resources like workshops, advice from an expert or joining a Women in Blockchain organization allows them to explore into the world of cryptocurrency. Learning and investing in cryptocurrency would eventually create a level playing field for women that have been on the sidelines.
According to Yahoo, more than twice the amount of investors are men, compared to women. In a Pew Research Center survey, 43% of men said they have invested in or traded cryptocurrency, compared to the 19% of reported women.
“Women don’t feel they know much about cryptocurrency,” Eva Crouse wrote for CNBC.
One of the main reasons why women are underrepresented in the cryptocurrency industry is that the industry has not addressed its own inherent issues with diversity. According to CNBC, crypto was meant to “democratize” the financial services industry by allowing diverse investors into the field.
Continue reading: https://dailytitan.com/opinion/leaving-women-out-of-crypto-widens-wealth-gap/article_ec5db3d4-d488-11ec-b242-1bf5c1751f7a.html
