Why are Cryptocurrencies Important for Women?

Cryptocurrencies are important for women because they provide opportunities for financial independence and empowerment.
Cryptocurrencies Important for Women

Statistics show that women make up nearly half of the world’s population. While this is true, women represent only a tiny fraction of the financial industry. The cryptocurrency space is dominated by the male gender (as investors). However, if utilized properly, it could give women the same advantage as men, making both genders active participants in the economy. 

The decentralized and digital nature of cryptocurrencies promotes the democratization of financial services, giving both genders a fair shot in the crypto space. Moreover, a solid grasp of cryptocurrencies could help women attain economic power from the government, banks, and other financial institutions, predominantly occupied by men.

How cryptocurrencies could favor women today

  1. Financial Independence

A typical cryptocurrency environment presents an equal opportunity to both men and women, unlike the biases in some financial institutions, where women are limited to a few services. However, cryptocurrencies have nothing to do with gender and their ability to understand its concepts: what they are, how they work, where to trade, and how to become profitable. This is what determines their cryptocurrency journey in the long run. 

  1. Crypto Empowers Women to Be Digital Money Makers

The blockchain empowers cryptocurrencies, and one of the essential features of the blockchain is decentralization. This feature makes it impossible for crypto transactions to be governed by a single entity. Without a central authority, women can make investments without intermediaries, like financial institutions. This way, women have more control over their finances, giving them the same opportunity to become financially independent as their male counterparts. 

  1. Better Investment Opportunities 

Investment has been a challenging venture for women in past centuries. For example, it wasn’t until the last three to four decades that women could have their retirement accounts without having their husbands or fathers as signatories. However, with crypto in the picture, women can now participate in high investment opportunities via trading or mining. For instance, a woman who bought 1 BTC in September 2020 (approx. $11,000) and held it until September 2021 would have made over $30,000 profit. So who says cryptocurrencies are only for men? 

  1. A Safe Space for Financially Worried Women

Women have bills to pay just as much as men, if not more. This could make them worry too much about making money, leaving them vulnerable to internet scams. Cryptocurrencies serve in the interest of women since it doesn’t require one to provide any sensitive information that individuals and financial organizations could otherwise exploit. Moreover, investing in cryptocurrencies protects women from institutions that charge substantial amounts for interests on loans.

  1. Equal Pay

Gender discrepancies are significant in many cultures, and it makes women less likely to provide for their families. Sometimes, women are paid less than their male colleagues, even for the same position. Cryptocurrencies stand against all of these as it provides the same financial independence and doesn’t determine one’s profit based on gender. 

Final Thoughts

Women make up almost half the world’s population but they’re still the most vulnerable, which makes financial empowerment and independence an essential topic for them. As the world continues to become more receptive to the female gender, cryptocurrencies have a significant role in women’s financial freedom. It provides an environment that leaves room for better economic diversity, more opportunities for women-owned businesses, healthier families, improved social mobility, and millions of financially independent people worldwide.

If you’re ready to take your future into your hands, register on IXFI to discover over 450 coins prepared for trading. Your Friendly Crypto Exchange is here to help you take every step of your journey.

Disclaimer: The content of this article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial and fiscal circumstances.

Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.

Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.


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