Fintech Zoom reporter Leigh Cuen is joined by Isaiah Jackson, creator of “Bitcoin and Black America” and co-founder of KRBE Digital Belongings Group, to speak about monetary discrimination in the US and the distinctive worth bitcoin can supply minority communities.
In keeping with a survey of 5,126 Individuals performed by Coinbase and Qriously, “Twice as many Black Individuals have been negatively impacted by the present monetary system” in comparison with their white friends. As such, the survey instructed, they’re much extra prone to be curious about bitcoin (BTC).
This discovering is supported by broader proof. For instance, the Nationwide Bureau of Financial Analysis additionally present in 2019 that black mortgage debtors have been charged increased rates of interest than white debtors and have been denied mortgages that might have been accepted for white candidates.
Later, we’ll focus on the cultural features of bitcoin and the way somebody’s background impacts his distinctive expertise within the bitcoin neighborhood.
Need extra? Leigh additionally has an article about how black entrepreneurs use cryptocurrency to fundraise.
Disclosure Learn Extra
The chief in blockchain information, Fintech Zoom is a media outlet that strives for the best journalistic requirements and abides by a strict set of editorial insurance policies. Fintech Zoom is an impartial working subsidiary of Digital Foreign money Group, which invests in cryptocurrencies and blockchain startups.