CoinDesk reporter Leigh Cuen is joined by Isaiah Jackson, creator of “Bitcoin and Black America” and co-founder of KRBE Digital Assets Group, to speak about monetary discrimination within the United States and the distinctive worth bitcoin can provide minority communities.
According to a survey of 5,126 Americans performed by Coinbase and Qriously, “Twice as many Black Americans have been negatively impacted by the present monetary system” in comparison with their white friends. As such, the survey prompt, they’re much extra prone to be curious about bitcoin (BTC).
This discovering is supported by broader proof. For instance, the National Bureau of Economic Research additionally present in 2019 that black mortgage debtors had been charged greater rates of interest than white debtors and had been denied mortgages that may have been authorised for white candidates.
Later, we’ll talk about the cultural elements of bitcoin and the way somebody’s background impacts his distinctive expertise within the bitcoin neighborhood.
Want extra? Leigh additionally has an article about how black entrepreneurs use cryptocurrency to fundraise.
Disclosure Read More
The chief in blockchain information, CoinDesk is a media outlet that strives for the best journalistic requirements and abides by a strict set of editorial insurance policies. CoinDesk is an unbiased working subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
