Can cryptocurrency turn out to be an alternate monetary system for individuals of shade who’ve traditionally confronted discriminatory banking practices? Some crypto fanatics of shade who spoke with ABC Information say they imagine so, even regardless of the crash within the worth of digital currencies.
Worries concerning the unstable cryptocurrency market additionally depart some questioning whether or not turning to digital forex might financially harm individuals of shade, who typically have much less web value and generational wealth than white individuals, somewhat than assist them.
Prejudice in banking
Black and brown individuals have a historical past of being “underbanked” and