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5 WAYS CRYPTOCURRENCY CAN HELP WOMEN

Aruba, October 23, 2017 - From increased access to capital to new roles in the tech space, women have a lot to gain from participating in the brave new world of cryptocurrency.

The emerging field of cryptocurrency is located at the crossroads of finance and tech, two sectors that are more known for being predominantly “pale and male.” But even though cryptocurrency may have a ways to go in terms of diversity, there are a number of ways blockchain tech and digital currencies are already changing the game for women around the world
 
1. More women are getting paid for their work – and keeping their earnings.
Everyone knows the age-old adage: “a woman’s work is never done”. But perhaps the expression should be “a woman’s work is never paid.” One UNDP study showed that in Africa women make up more than half of the population and contribute to 75% of agricultural labor, and yet they hold just 1% of assets and account for 10% of total earnings.
 
In countries like Afghanistan, many women are prohibited from working outside the home by male family members. Those who do risk physical violence and having earnings confiscated by their male family members. Roya Mahboob, an Afghan entrepreneur, philanthropist and one of Time’s 100 Most Influential People, solved this specific problem by paying female contributors to her website with bitcoin. Not only were the women paid, but they were also able to retain control of their earnings. Entrepreneur magazine reports that “thousands of small vendors currently accept Bitcoin payments”, and the website 99bitcoins.com even has a tutorial to help sellers on Etsy – an e-commerce site for handmade products with 1.8 million vendors, 86% of whom are women – accept Bitcoin as an alternative form of payment for their wares.
 
 

By orbitalnets.com