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6 Women Changing the Face of Cryptocurrency — and Its Future

Cryptocurrency has a problem: there are too many men

Men are twice as likely as women to invest in cryptocurrency: According to a recent Pew Research Center poll, around 19 percent of women aged 18 to 29 had invested in, traded, or utilized a cryptocurrency, compared to 43 percent of males in the same age group.

But this isn’t the only area where women fall behind men: there are fewer women working in the blockchain and cryptocurrency businesses. According to a 2019 research, the percentage of women working in those fields, which includes developers, investors, and casually curious persons, is between 4% and 6%.

This is why it’s a problem: The early days of a business are frequently when fortunes are built — and those huge winners often have a say in the future course of the sector, from whom to invest in to what to develop next. Experts argue that now is the time for women to make their mark on the crypto sector and its future, and that their absence now may limit their impact — and advantages — in the long term.

“It’s critical for women and people of color to be involved in crypto and blockchain right now because we’re building the next generation of the financial ecosystem,” says Charlene Fadirepo, founder and CEO of Guidefi, a fintech platform she founded in 2019 to help women and professionals of color find the right financial advisors. “Crypto and blockchain originated in banking and technology, which are areas where women and people of minorities are underrepresented. This is why we have such large diversity gaps.”

However, there is some good news: in an industry that moves at the speed of light, women who are now working to close the gender and diversity gap still have lots of opportunities.

Women can’t afford to wait to learn about cryptocurrencies and decide whether it fits into their financial plan and risk tolerance, according to a growing collection of artists, coders, entrepreneurs, and investors. These women aren’t waiting for an invitation to make their impact in the business; instead, they’re doing everything they can to encourage other women to do the same.

By organizing events and groups, teaching on social media platforms, creating businesses, writing about crypto, developing inclusive public policies, and sharing their experiences, they are attempting to close the gender gap in crypto. Most importantly, they want you to know that women have a place in the Bitcoin world.

Here’s how these six women are changing the face of cryptocurrency, and why you should start following them if you’re interested in its future.

6 Women Changing the Face of Cryptocurrency

Tuning Out the ‘Crypto Bros,’ by Charlene Fadirepo

When Charlene Fadirepo first heard about Bitcoin a few years ago, she thought it was a gamble. Her job, on the other hand, kept drawing her back to it.

Charlene FadirepoIt wasn’t until the start of the COVID-19 pandemic that she finally went down a “crypto rabbit hole” and became hooked on learning more. Communities of early adopters and enthusiasts are a big part of the learning curve for many crypto newbies, but Fadirepo couldn’t find one that felt welcoming to her. So she built her own.

“I spent a lot of time on Clubhouse and in Twitter spaces, and I saw the ugliness of crypto bro culture,” says Fadirepo, an ex-government regulator turned financial and crypto advisor.

That dilemma, as well the questions she started getting from her clients on crypto, led her to launch a crypto course and build on top of her existing community through Guidefi. Fadirepo started Guidefi after experiencing difficulty in finding the right financial advisor for her own family.

“It began out of necessity,” Fadirepo explains. “I was seeking for a financial adviser of color, and unfortunately, women and people of color financial counselors are hard to come across in the United States.” When you begin counseling individuals on their finances, you must consider all aspects of wealth, including digital wealth.”

There’s a reason, according to Fadirepo, why women investors prefer their own locations to learn from one another, such as Guidefi’s digital community. She claims it’s very uncommon to hear “crypto bros” mansplaining to others or making inappropriate comments in numerous online crypto circles — which are nominally accessible to all but aren’t in actuality. While settings that are more welcoming to women and people of color who are interested in crypto are more difficult to come by, she claims that they do exist.

“I would just advise people who come across those spaces to choose a space that works for them,” she adds. “When you’re unloved or undesirable, you don’t have to remain.”

Maliha Abidi: Using NFTs to Drive Change

Maliha Abidi found NFTs in the summer of 2021 as a means to integrate her passion for art with her commitment to women’s social justice.

Maliha AbidiAbidi, a Pakistani-American artist who was born and reared in Pakistan before moving to California when he was 14 years old, is one of several artists who have lately moved their talents to the digital arena by minting and selling non-fungible tokens, or NFTs, on digital markets. At the end of last year, she released her first NFT collection, Women Rise, which features 10,000 one-of-a-kind NFT art pieces with the goal of “celebrating women in Web3 and bringing more women into the field.” Web3 is the next generation of the Internet based on blockchain technology, with a focus on decentralization and increased usefulness.

Her first-ever NFT collection serves as an empowerment campaign aimed at introducing 100,000 girls and women to Web3, blockchain, and cryptocurrency by the end of 2022. According to Abidi, the NFTs she designed reflect women from all over the world, “with qualities that go beyond the variety of merely skin hues.”

“I got the concept from the job I’ve been doing for the previous ten years,” Abidi explains. “This was not a test for us.” This is what we want to do, more or less. We were really deliberate about it.”

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