Cryptocurrency is opening up a lot of creative possibilities, decentralizing and shifting power into the peoples hands. While digital currency has its own merits and demerits, it undeniably increases accessibility across the board for anyone looking to participate.
Women in particular are making waves in the world of virtual currency. Putting NFTs and Bitcoin technology to good use, cryptocurrency enables women towards greater economic independence and community wealth distribution.
Feminism through NFTs
The art collective Pussy Riot has joined the NFT movement with the sale of their video Terrestrial Paradise.
Pussy Riot leaders wrote that profits would be going towards women’s shelters in Russia, where the group is based.
A performance art music group, Pussy Riot has long been a fixture of the feminist activism scene. This most recent work is deeply influenced by founder Nadya Tolokonnikova’s personal experiences in labour camps, and the trauma it incurred.
We can use NFTs to support good causes and communities, it’s a great thing to do, so I’m happy to be part of this.
Amir Soleymani for Art Newspaper
To have transformed those experiences into art work that supports women in need of shelter is truly a feat of cryptocurrency and activism aligned. “Terrestrial Paradise” was sold to Iranian born art collector Amir Soleymani. He stated that the purchase was an expression of his support, both for NFTs and Pussy Riot.
Enabling women to support their communities
GUAPCOIN is another site putting virtual currency to good use and providing entrepreneurial women with wide ranging platforms.
The project was founded by Tavonia Evans, who recognized early on that the highly competitive crypto market was going to be the next best thing. Evans got to work making sure black communities were represented in those spaces too.
The men I’ve observed vying for influence are not very tech-savvy at all. Women in tech, however, tend to overachieve, study more, and expand their expertise legitimately just so they can get in this space.
Tavonia Evans for Glamour
Specifically designed to serve black customers and black businesses, GUAPCOIN rewards users for spending habits that keep money in the economic ecosystem of black communities. A single mother of eight, based in Atlanta, George, Evans is using cryptocurrency to bring awareness to the spending power of black consumers.
As is evidenced by her lengthy and decorated career, Evans is a kind of visionary for whom NFTs are an opportunity to empower women in the black community as business owners and consumers.
Remote work that opens doors
The rise of cryptocurrency also marks the virtual switch from chaotic trading floors on wall street to remote economic engagement.
For Elizabeth Rossiello, founder of BitPesa, cryptos virtual nature enabled her to run a finance company from wherever she needed to be. BitPesa is a foreign exchange and payment platform in Africa. It uses blockchain technology to make it easier to send payments to and from Africa.
An impressive career under her belt, Rossiello made the decision to go forward with BitPesa while expecting her second child. She recounts being denied jobs that she was more than qualified for due to the fact that she was pregnant, and the work involved frequent travel or long hours.
Since being founded in 2013, BitPesa has evolved into a platform that facilitates larger scale transfers between businesses. The program boasts significantly lower costs and higher speeds in every major African currency. BitPesa is actively enabling greater market opportunities for the whole region.
How do you run a finance company when you’re not in Hong Kong or London or New York? That’s what crypto does. It lets you build these really cool, connected things from anywhere. And I’ve proven that with this company.
Rosiello for Glamour
Rossiello is also mindful of hiring practices, and makes sure offices are composed of members from the communities they represent. More than 70% of her employees are African, and at least half are women.
Safety for sex workers
While NFTs are center stage in our online discourse today, sex workers have been making the most of cryptocurrency for almost a decade now. Use of the virtual currency became integral to the porn industry when Visa and Mastercard pulled their services from Backpage, a site where sex workers would frequently post personal advertisements.
Cryptocurrencies like Bitcoin or Litecoin suddenly became the only remaining form of viable payment. In response, sex workers built comprehensive guides to ensure all sex workers could continue to earn their wages.
Given the incredible scale and efficiency with which sex workers mobilized behind cryptocurrency, the porn industry is now one of the most engaged with this technology. Cryptocurrencies like Verge allow customers and clients to retain higher levels of privacy in each interaction.
Industry wide support has also made it easier for sex workers to have greater control over their money. The first blockchain camsite, SpankChain, was launched in 2018 with this feature of cryptocurrency in mind.
Receiving payment in the form of cryptocurrency makes it harder for clients or government agents to siphon off wages from sex workers. SpankChain aims to support and safeguard this movement using their token, Spank.
Ameen Soleimani, SpankChain’s CEO and founder, is hopeful that this will allow performers to keep their finances secure, and have greater direct control over their money. Brenna Sparks, a performer and longtime Bitcoin user, also thinks that cryptocurrency will help to ensure workers get paid. In an industry where stigma makes contract negotiations difficult, Spank is helping to streamline the payment process for sex workers.
Uplifting the next generation
As cryptocurrency rockets, and users come into greater financial gains, forums for ways to use Blockchain technology to give back also become more necessary.
Connie Gallippi was the first to set up just such a philanthropic foundation using cryptocurrency. Having partnered with most internationally renowned relief efforts over the past few years, BitGive’s success in supporting communities through philanthropy is affirmation of Gallippi’s sense that this is just what the industry needed.
She was able to recognize before anyone that people making bank off Bitcoin need to have easily accessible means through which to redistribute that fortune.
The organization is involved in both sending aid to those in urgent need, and uplifting communities that are shaping the future of technology, like Black Girls Code. Gallippi intends for BitGive to support women and girls directly, and work with organizations that work to provide women with basic care and economic independence.
This also look like hiring and promoting more women from within the male dominated cryptocurrency industry.
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