The Future of Finance: Closing the Gender Gap and Getting More Women Involved in Crypto

Despite these promises of financial equity women are still wary of this space A recent BlockFi survey found that while 94 of women have heard of cryptocurrency only 9 feel they know a fair amount about it Moreover 46 of women say they are interested to learn more about cryptocurrency investing but 77 thought it was quottoo latequot to profit from itDuring the FQ Lounge at Davos global business executives unpacked what needs to be done to get more women into this emerging market Here are the strategies discussedProvide Resources and User Guides to Help Them Get StartedquotInvesting in crypto gives women a new financial freedom that they may not have been able to have beforequot said Bethany Davis Chief of Staff to CEO at Celsius quotIt means being able to have that sense of opportunity to build your own wealth amp8230 but it starts with educationquotAccording to a recent BlockFi survey only 23 of women know how to purchase cryptocurrency and nearly 40 of women find it confusing Providing basic quothow toquot user guides and having diverse leaders in the space who act as role models are ways to ensure that entire groups and demographics of people don39t get left behind Start with providing women with tools for financial literacySome great resources suggested for learning more about cryptocurrency and blockchain technology are SheFi Advantage Evans Academy and Global Women in BlockchainShare Job Opportunities in the Crypto WorldquotI learned about Bitcoin in 2013 when I helped with a press release I like Bitcoin but it did not excite mequot said Cleve Mesidor who is head of The National Policy Network of Women of Color in Blockchain quotIt was not until the conversation opened up beyond currency that I went down the rabbit hole Today I work at the intersection of blockchain and public policy I think where the opportunities lie is when we talk about how crypto will transform the future of work and the multiplicity of jobs it offersquotThose looking to take a leap into this field do not have to be finance banking and accounting experts There are a wide variety of roles available in crypto and blockchain companies such as research analyst journalist marketing manager engineer event manager web developer and moreDispel the Myth That it is Too Late to Invest in CryptocurrencyIt39s never too late to invest There will always be early adopters and those who are less riskaverse but even when there39s a dip like now there is an opportunity to get in the game And this space is growing exponentially more than 80 of institutional investors plan to increase their cryptocurrency assets in the next two yearsquotI use the analogy of this being like the early internet days It is very earlyquot said Mandy Campbell head of content and brand at Okcoin quotWe just had El Salvador make bitcoin a legal tender last year We have made big steps but this is just the beginning of the blockchainquotEncourage More Women to BuyquotMy biggest advice for women is to learn about the blockchain and get the conviction to buy despite the pricequot Campbell said quotStart by taking a little bit of time each week to invest buy a really low priced NFT nonfungible token educate yourself and get a little skin in the gamequotA great way to learn about blockchain technology and crypto is to test it out Suggest an app like Coinbase or Binance or a platform such as cryptocom By investing a little money they39ll diversify their portfolio and grow more secure with the tools gaining confidence with each transactionRemove Barriers for Female EntrepreneursBitcoin the original and most widely used cryptocurrency was founded in 2008 at the onset of the financial crisis as an alternative to traditional banking and to encourage financial equity Today this 2 trillion market is driven by men who make up 75 of cryptocurrency holdersquotThere is a democratization of process that needs to happen outside of the systemic barriers that are already therequot said Nisa Amoils Managing Partner at A100x Ventures quotThis pattern in venture capital is not going to change without legislation because it benefits certain peoplequotIn order to diversify the space it will require investing in recruiting hiring and giving visibility to the women who are already trailblazing in it quotWith NFTs it39s reached a tipping point and we have to invite more women into the conversationquot Amoils addedClick the social buttons to share this story with colleagues and friendsThe opinions expressed here are the author39s views and do not necessarily represent the views of MediaVillagecomMyersBizNet

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The Future of Finance: Closing the Gender Gap and Getting More Women Involved in Crypto

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Stephanie Taylor

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