Women in crypto earn 15% more than men: Pantera Capital survey

July 30, 2024 Coin Telegraph

Hashing It Out: MobileCoin CEO says crypto must make space for more women

September 14, 2023 Coin Telegraph

Sara Drakeley says crypto has a reputation for being a ”bro space” and urges the industry to make provisions that would attract more women to the field.

On Episode 30 of Hashing It Out, Elisha Owusu Akyaw speaks with Sara Drakeley, CEO of MobileCoin, a company enabling cryptocurrency payments through instant messaging applications such as Signal. Drakeley talks about going from working on animated films like Frozen and Moana at Disney to entering the cryptocurrency space. She also shares her experience as a mother in crypto and explains what is happening at MobileCoin.

Drakeley shares her journey in the Web3 space and highlights her encounters as a woman in leadership. She acknowledges that crypto has a reputation as being a “bro space,” especially when looking at the marketing of some projects. However, she also points out that there are some pockets of inclusiveness that create safe spaces for women in the arena. Drakeley adds that despite the existence of these safe spaces, the cryptocurrency world needs to find ways to accommodate the particular needs of women who are mothers, for instance. Although this may not be an accommodation necessary for many, the ability to manage these special cases will go a long way to creating a welcoming environment.

Drakeley also explains what is being built at MobileCoin. The project intends to combine the ease and affordability of cryptocurrency payments with the security of encrypted messaging platforms and the popularity of such applications to drive adoption.

On the future of cryptocurrency regulations, Drakeley believes regulations will catch up. She argues that part of the reason regulators haven’t yet done much is because there hasn’t yet been widespread adoption of cryptocurrency for payments. Once that changes, she says, regulators will step in to protect citizens. The same happened with data privacy on the web, and the same will happen with cryptocurrencies, according to the MobileCoin CEO.

Magazine: How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in

Listen to the latest episode of Hashing It Out on Spotify, Apple Podcasts, Google Podcasts or TuneIn. You can also explore Cointelegraph’s complete catalog of informative podcasts on the Cointelegraph Podcasts page.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

AI unlikely to destroy jobs, but cost to certain workers may be ‘brutal’ — UN study

August 22, 2023 Coin Telegraph

administration

A study from the United Nations agency International Labour Organization suggests AI will more likely augment jobs than destroy them, though certain roles could be at more risk than others.

Generative AI is more likely to complement existing jobs than take over them entirely, though certain roles such as clerical work — could see more of their tasks automated than others.

According to an Aug. 21 Generative AI and Jobs study by the International Labour Organization (ILO) — a United Nations agency — 24% of clerical tasks are considered highly exposed to automation, with an additional 58% with medium-level exposure.

*Tasks with high and medium GPT-exposure by occupational category. Source: ILO*

Typists, travel consultants, bank tellers, contact center clerks, bookkeeping and data entry clerks, hotel receptionists and secretaries are the administration roles most at risk, the figures show.

This, according to the ILO, could suggest that women could be more at risk, given their higher representation in administrative roles.

"3.7 per cent of all female employment in the world is in jobs that are potentially automatable with generative AI technology, compared with only 1.4 per cent of male employment."

Meanwhile, AI automated work is more likely to impact employees in high-income countries (5.5%) compared to low-income countries (0.4%), the report found:

*Occupations with high automation potential by income level and sex. Source: ILO*

The ILO’s study on generative AI mostly focused on the impact of chatbot applications, such as OpenAI’s ChatGPT and Google’s Bard.

Crypto customer service

The ILO report also shows customer service and coordination-related tasks as having high automation potential, along with data management and record keeping, information processing and language services, tasks related to responding to inquiries.

*Table showing tasks with high automation potential clustered into thematic groups. Source: ILO*

Many customer service roles were lost in the most recent crypto winter of 2022, which saw some of the industry’s heavyweights in Binance, Coinbase and Kraken significantly reduce headcounts, including customer service.

Currently, customer service roles in Web3 comprise 832 (2.5%) of the total 33,846 listings on cryptocurrency job board Web3.career.

However, the ILO concluded that the workforce as a whole won't be too affected by AI and that AI’s overall impact were neither particularly positive nor negative for now — rather, its impact will depend on how GPTs are managed and regulated.

"Without proper policies in place, there is a risk that only some of the well-positioned countries and market participants will be able to harness the benefits of the transition, while the costs to affected workers could be brutal," it wrote.

ILO’s findings are more optimistic than that of everyday Americans, with a recent survey revealing that 62% of the U.S. population believe AI will have a major impact in the workplace over the next two decades, leaving many Americans “wary” and “worried” about what their future holds.

Magazine: AI Eye: AI’s trained on AI content go MAD, is Threads a loss leader for AI data?

Singaporean women ‘outperforming’ men in crypto trades, survey reveals

March 29, 2023 Coin Telegraph

Coin Telegraph

The survey also found that 24% of women have allocated more than 20% of their portfolios to crypto.

Singaporean women are slightly more likely to make money or at least break even on their crypto investments than their male counterparts, according to a survey from cryptocurrency exchange Independent Reserve.

Published on March 28, the annual Independent Reserve Cryptocurrency Index (IRCI) survey was conducted in February and polled “1,500 everyday Singapore residents on their attitudes toward cryptocurrency.”

As per the survey data, 76% of women reported either making money or breaking even on their crypto investments, compared to just 72% of men.

“Since the launch of IRCI in Singapore in 2021, this is the first time that females have reported outperforming their male counterparts,” the survey results read.

*Crypto ownership, Women vs Men. Source: Independent Reserve*

The survey has also found an increase in women participating in crypto investments this year, with 37% of women surveyed saying they had crypto investments, accounting for a 7 percentage point increase compared to the previous year.

On the other hand, 48% of men said they took part in the activity, which was down 1 percentage point compared to the 2022 IRCI.

A significant number of women surveyed also outlined bullish stances towards crypto, with 24% stating that they had “allocated more than 20% of their investment portfolio to this asset class.”

“Over the next 12 months, 48% plan to further invest in their existing portfolio while 43% intend to diversify into other tokens, Defi or NFT projects,” the report adds.

*Investment performance vs time in market. Source: Independent Reserve*

The IRCI also provides a score for the overall confidence level in crypto ranging from 0 to 100. In this year’s edition, Singaporean confidence scored 55 out of 100, down from 61 the year prior.

This was mostly attributed to the rough year crypto had in 2022, as several major crypto firms went bankrupt, while the collapse of Do Kwon’s Terra/LUNA project also sent shockwaves through the sector.

“2022 was a challenging time for the cryptocurrency industry, due to several macroeconomic factors. The collapse of Terra-Luna and the FTX fallout has understandably led to a loss of confidence and trust in the industry,” said Lasanka Perera, the CEO of Independent Reserve Singapore.

However, despite confidence shaking, crypto adoption did still increase, with 43% of respondents stating they had crypto investments, compared to 40% the year prior.

Additionally, a significant number of respondents indicated that they had long term confidence in crypto, with 48% of all crypto investors stating that they plan to increase their current portfolios.

“As recent global financial events continue to unfold, many may also re-evaluate their dependence on traditional financial institutions to safeguard their money and turn to alternative assets such as Bitcoin to hedge against bank defaults and currency debasement,” Perera noted, adding that:

“It is encouraging to see that optimism towards the long-term benefits of cryptocurrency remains strong in Singapore and that investors who adopt a long-term view are reaping rewards.”

Perera also suggested that part of the Singaporean crypto investor’s long-term confidence was due to the government’s well-established regulatory frameworks for the sector.

“Singapore has one of the clearest and robust regulations for cryptocurrencies, which gives investors an added assurance of dealing with trusted players. As Singapore continues to remain open to innovation in digital assets, education remains crucial as awareness and adoption of cryptocurrencies among residents grow,” the CEO stated.

Women in Web3 advocate for increased diversity in the ecosystem

March 9, 2023 Coin Telegraph

Coin Telegraph

Several women suggested that education and grassroots training can be effective tools in promoting diversity within the Web3 ecosystem.

Although the Web3 ecosystem is rapidly evolving, the industry still faces many challenges, one of which is its lack of diversity. The underrepresentation of women in the field remains a significant concern, as their involvement is indispensable in addressing some of the critical challenges in the sector.

Web3, the next generation of the internet, is an exciting new space creating opportunities for entrepreneurs across various industries. While the field is still somewhat male-dominated, several influential women entrepreneurs are significantly impacting the Web3 space.
— Cointelegraph (@Cointelegraph) March 8, 2023

In a recent interview, several women in the Web3 industry shared their experiences and insights on the importance of increasing the presence of women in the field, as well as what can be done to achieve greater diversity. From taking small initiatives to educating the next generation of diverse talent, these women provide valuable perspectives on how the Web3 ecosystem can become more inclusive.

According to Sandra Leow, a research analyst at Nansen, the first step is to encourage women in the space to promote small initiatives like referring friends to crypto projects, regardless of their gender. Sandra said she believes that the Web3 industry can improve diversity by prioritizing onboarding initiatives to help more people, especially women, become familiar with on-chain data and blockchain explorers. She acknowledged that the learning curve for crypto can be steep, with information being scattered and difficult to find. Leow noted:

"I think it's still extremely hard to learn the basics of crypto, because I think the knowledge that you get and the information is very scattered."

Journey Li, a social media manager at Nansen, believes that vocalizing involvement in the field is a way to inspire more women to join. She noted:

“One way to inspire more women to join the Web3 industry is by being vocal about your own involvement and identity as a woman in the field. By sharing your passion and expertise with others, you can lead by example and demonstrate the value that women can bring to this space.”

Devon Martens, a Principal Blockchain Engineer at Sweet NFTs, said that great role models will motivate women to pursue Web3, where there is so much potential, especially for women leaders looking to change the world. To improve diversity in the industry, Devon suggested:

"The simple answer is to give people a chance. Take the time to seek out candidates from different communities than you might otherwise personally know. Interview female applicants that fit the role and consciously offer them the opportunity to grow based on their skill set."

Devon also encouraged companies to provide internal growth opportunities such as courses and workshops and ensure that people have the time and resources to pursue them.

Sandy Carter, COO and Head of Business Development at Unstoppable Domains, believes that to improve diversity in the space communities, organizations, and companies need to collaborate and take proactive measures, with a focus on education and training starting at the grassroots level. She shared:

"Education is fundamental to encouraging more women and minority groups in the space, which ultimately starts at the grassroots level. There needs to be more emphasis on training in schools and colleges where girls can learn the skills early."

On March 8, International Women's day, CEO and Founder of Coinbase, Brian Armstrong was criticized on Twitter for hosting a dinner in New York to "build back better" the crypto industry, with only male crypto founders. Twitter account holder @cokiehasiotis called out the CEO for the visible absence of women at the table.

some traditions are so embedded in culture it would take a biblical leveling for us to undue them.

in crypto, that’s men posting photos of inspirational people in crypto featuring exclusively white men on international women’s day

may this holy traditional survive us all
— cokie (@cokiehasiotis) March 8, 2023

To encourage more women to join the industry, there needs to be more emphasis on training at the grassroots level, starting in schools and colleges. Workplaces also need to be more encouraging of such diversity initiatives. Overall, the Web3 ecosystem needs more women, and companies and organizations need to collaborate and take proactive measures to encourage diversity.

Breaking barriers: Meet 7 women shaping the future of crypto and Web3

March 8, 2023 Coin Telegraph

Coin Telegraph

Cointelegraph spoke with women from different backgrounds, projects, countries, and generations about career, diversity, and their journeys in crypto.

Women have been part of the crypto space since its genesis, developing projects, communities and brands, as well as tackling many trenches that this emerging industry demands.

Yet, they have been less involved in starting Web3 businesses. According to the Web3 Career Market report by crypto exchange KuCoin, 27% of female professionals in the field have been involved in starting a crypto startup, against 41% of males in the survey. For many, the "bro culture" in Web3 poses career challenges and barriers to onboarding more women into the space, the same report shows.

Diversity has been a hurdle in other industries as well, such as technology and finance — two sectors that intersect into crypto. As such, it's not surprising that women are still poorly represented among Web3 developers and crypto traders. More firms in the space are acting to improve diversity however, seeking innovative collaboration and broader adoption.

Cointelegraph's team spoke with women in the crypto community about their careers, their journey into crypto, and diversity in the industry. They are women from different backgrounds, projects, countries, and generations. All of them are working towards a similar goal: encouraging others, regardless of gender, to join this rapidly evolving industry.

Meet Seema Khinda Johnson, co-founder and COO of Nuggets:

Seema had a 17 years career leading product development strategies for startups and big tech companies before a security incident led her to the crypto space: Her husband's credit card and personal data were stolen. The experience opened her eyes to privacy control issues and led the couple to establish Nuggets in 2016, a decentralized identity wallet.

To build the project, she decided to email Vitalik Buterin, co-founder of Ethereum, for developer recommendations. "Everyone thought that was ridiculous, that he’d never respond, but sure enough, 20 minutes later, I got a reply with a recommendation of who I needed to speak to. It was a great lesson that you can make pretty much anything happen if you just go for it," she recalls.

While Seema feels lucky to have some brilliant male allies in the Web3 space, she believes funding and supporting more female entrepreneurs is necessary to boost crypto adoption:

"If people are serious about onboarding 1 billion users into crypto, then we need to attract and retain diverse teams that build powerful products with utility that make sense for us all."

Meet Sandra Leow, researcher analyst at Nansen:

Sandra was introduced to crypto by her sister, and rapidly delved into "the rabbit-hole of crypto" investing in altcoins and NFTs. Sandra was an intern in the Amber Group before joining Nansen, where she is engaged on using on-chain data to promote more transparency in the blockchain space.

**Sandra Leow:** *"I think we're moving past that [gender] stereotype." Image source: Nansen*

Sandra still observes Web2 stigmas embedded into Web3, but sees a shift away from older gender biases:

"The power dynamics are slowly changing, and I'm really glad it is. You don't really see inequalities, at least not in my experience where I'm doing research and I think research is generally a very neutral position for any genders."

Meet Devon Martens, principal blockchain engineer at Sweet:

Devon used to work for an education company, where she started supporting their Solidity courses. She went from supporting to teaching the program at the University of Minnesota, before joining the NFT marketplace Sweet, where she writes smart contracts for some of the biggest names in the industry.

She believes that great role models can motivate more women to pursue Web3 as a career option. Devon also sees the nascent industry as an opportunity for women seeking to change the world:

"There is so much potential, especially for women leaders looking to change the world, in this relatively new decentralized, blockchain environment. People literally teach themselves, so the barrier of a certain credential does not exist yet as it does in some other areas of tech or engineering."

Meet Daniela Barbosa, executive director of Hyperledger Foundation:

Daniela has been into Bitcoin since its early days. In 2010, she was working on a project involving data portability in San Francisco, and many of her team members were also involved in Bitcoin projects.

"I remember the days of going on Craigslist to go find someone selling bitcoin from their garage in Glen Park SF [...] I went to a bitcoin meetup in SF in probably 12-13 and felt completely out of place as an older female amongst a bunch of bros. Honestly, I got a bit turned off with the local scene, but not enough to not keep an eye on what was going on."

In 2017, she found the just-launched Hyperledger project while searching for a career in enterprise blockchain technology. As a crypto early adopter, Daniela is advocating for more women to be involved in the crypto space across a variety of roles, not just as developers.

Meet Sandy Carter, COO and head of Business Development of Unstoppable Domains:

Sandy has been working in the tech field since the birth of Web2. Her first contact with crypto and blockchain happened while acting as a vice-president at AWS. "As I researched the potential use cases of blockchain, I became more fascinated by the idea of decentralization, the notion of user ownership over data and digital property, and the community-driven decision-making process in Web3," she recalled.

**Sandy Carter:** *"Without knowledge or exposure to the industry, women may lose confidence and interest in pursuing careers in the sector." Image source: Unstoppable Domains*

She learned from her experience in the tech industry that the absence of diversity limits innovation and creativity, resulting in a lack of understanding of minorities' perspectives and needs.

After joining Unstoppable Domains in 2021, she started an initiative called Unstoppable Women of Web3, which focuses on educating and training the next generation of female crypto leaders.

"Without knowledge or exposure to the industry, women may lose confidence and interest in pursuing careers in the sector."

Meet Briana Marbury, CEO of the Interledger Foundation:

Leading the Interledger Foundation since 2020, Briana is interacting with projects from all over the world, from solutions for natural disasters to developing peering systems. Creating tools that benefit others is what motivates her in the Web3 space.

**Briana Marbury:** *"There needs to be a lot of intention in the crypto space in shifting old tropes into new and inclusive narratives." Image source: Interledger Foundation*

Briana believes that crypto firms must consider multiple viewpoints when developing their strategies, and that organizations lacking a gender-balanced workforce are missing out on synergies and innovative collaborations.

"People, women especially, can often self deselect themselves from pursuing potentially lucrative, rewarding and purposeful career pathways in crypto - or technology more broadly - because they believe ‘it’s not for people like them.’ Intentionality is key here."

Meet Alicia Kao, managing director and head of Strategic Partner Development at KuCoin:

With a background in sociology, Alicia's first interaction with the crypto world came in 2018 after attending a crypto conference. Upon joining KuCoin in 2019, she found male leaders who leveraged her strengths and allowed her passion to flourish.

Although she sees the crypto industry as "undoubtedly male-dominated", Alicia also believes this reality is slowly changing:

"When builders feel valued and included as part of a team working towards a common goal, they're more likely to take risks and come up with innovative ideas. This not only benefits the builders themselves but also helps to build public trust in the future we are building with crypto and web3."

Women in Web3 discuss challenges within the industry

March 8, 2023 Coin Telegraph

Coin Telegraph

Challenges women face within the industry include the lack of representation and toxic "bro-culture."

The world of Web3 has opened up new opportunities for individuals to participate in a more open and transparent internet, and to create wealth. However, despite the potential benefits of this emerging technology, women face unique challenges in the Web3 space. From the lack of diversity in the industry to the gender bias in funding, women encounter significant obstacles that make it difficult for them to thrive in the decentralized web.

To better understand these challenges, Cointelegraph interviewed several women in Web3. Devon Martens, Principal Blockchain Engineer at Sweet NFTs, shared her observations that the crypto industry, like many other technology and financial sectors, is male-dominated. Martens noted that this lack of representation can be a barrier to entry for women who may perceive themselves as being outside the norm

Martens shared her observation that she rarely ever sees women in the C-suite when examining new web3 companies and their management. She noted:

It is hard to pursue something as a concept and feels a little more realistic when you see people in those roles already. That is why it is so important to talk about what we can do to cultivate talent across the board, including encouraging women to get into the space.

Similarly, Sandy Carter, the COO and Head of Business Development at Unstoppable Domains, noted that women make up only 12.7% of the Web3 workforce, highlighting the need for greater diversity within the industry. In her experience, Carter has observed a significant gender gap in job applicants, with only 3% of candidates for a recent role at her company being women.

Carter shared;

When I announced I was joining Unstoppable Domains, I included a link to apply for another role at the company; out of over 1,500 applications for that job, only 3% of the total applicants were women, and this stuck with me.

Briana Marbury, CEO of the Interledger Foundation, discussed the issue of gender stereotypes in the crypto industry, noting that it is often perceived as being dominated by men and characterized by a strong "bro culture" that is unwelcoming to anyone who falls outside of the “pale and male” category. Unfortunately, this stereotype can often dissuade women from participating within the space. Marbury added:

“People, women especially, can often self deselect themselves from pursuing potentially lucrative, rewarding and purposeful career pathways in crypto - or technology more broadly - because they believe ‘it’s not for people like them.’ Intentionality is key here. There needs to be a lot of intention in the crypto space in shifting old tropes into new and inclusive narratives.”

According to Daniela Barbosa, Executive Director of Hyperledger Foundation, diversity is crucial for the creation of better and more robust technologies. She stated that "Study after study reveals that diversity in technology creation produces better outcomes and more robust technologies—that diverse communities are simply stronger communities." However, she also acknowledged that exclusionary behaviors can influence community cultures, and this is a challenge in the crypto industry.

Barbosa highlighted that the crypto industry has a big focus on developers and finance/traders, two communities that unfortunately still have underrepresentation by women. "In crypto, I still see a lot of toxic behavior, which involves aggressive language and insinuation towards particular groups or individuals," she shared. This toxic behavior can further discourage women from entering the industry, creating a double whammy challenge when it comes to gender in the blockchain crypto space.

The lack of gender diversity in the industry is a pressing issue that needs to be addressed. As Barbosa pointed out, diversity leads to better outcomes, and the exclusion of any group can hinder progress and innovation. It is essential to create a more inclusive culture that supports and encourages women to pursue careers in the Web3 industry.

Overall, promoting gender diversity and inclusivity in the Web3 space is essential for creating a more vibrant, innovative, and successful industry. By taking intentional steps to address the unique challenges facing women in the industry, the ecosystem can help ensure that Web3 is a space that is welcoming and accessible to all.

Binance co-founder He Yi says, ‘forget gender’ and focus on mindset to make in Web3

March 8, 2023 Coin Telegraph

Binance

In an exclusive interview with Cointelegraph, Binance co-founder and chief communication strategy officer He Yi explained what women need to do in order to make it in the Web3 space.

The world of crypto and decentralized technologies is no longer an internet niche, home to a few pioneers on the frontier of fintech. It is now a blossoming sector for people of all backgrounds, interests - and genders.

Women have been entering the space in droves to find financial freedom from traditional systems and help create the future of digital interactions.

In an exclusive interview with Cointelegraph Binance co-founder and chief communication strategy officer He Ytouched on what it's like to be a woman the head of one of the crypto industry’s biggest organizations.

Prior to her conversation with Cointelegraph He Yi tweeted that in the crypto space as we know it only “5% of founders are female” and she’s proud to be a part of that statistic.

Only 5% of crypto founders are female. I’m part of the statistic — and I’m proud.

We’re paving a path for other women to stand bold in the blockchain space. And we’re just getting started. #BuildTogether #InternationalWomensDay pic.twitter.com/T8MwZ2sqvP
— Yi He (@heyibinance) March 6, 2023

Like many in the crypto space, He Yi came from a field outside of financial technology. She recalled her roots in television broadcasting and further explained how her family had expectations of her to become a teacher.

However, she said once she discovered Bitcoin and the possibilities of decentralized finance, her life took a different turn.

To women who want to enter the space, but feel a sense of hesitancy due to a lack of familiarity with the space and its jargon or are afraid of a gender bias Yi says:

“Never set a limit on yourself.”

As an executive at one of crypto’s leading institutions, Yi says there are three key components women should focus on for success in the industry: mindset, growth management and decision-making.

Particularly mindset Yi said to be assertive and achieve the goals you set out for yourself and your team, “take ownership and be a problem solver.”

“Forget your gender. Don’t focus on the fact that you’re a woman in a man’s world. Instead, focus on how to be a good business leader, regardless of being a man or woman.”

He Yi said that now at Binance, one of the crypto space’s largest entities, nearly 30% of senior leaders are women, and directly report to CZ. One of the main ways to do this is through education.

During the interview an employee working with Yi at Binance said that Yi has personally trained many employees, herself included.

Yi closed the interview by saying the most important thing is something for men and women to both focus on as leaders - being a leader that "understands the world and cares about the community being built."

Binance Charity recently announced its initiative to provide over 30,000 Web3 scholarships over the next year, some of which specifically focus on women-centered organizations in developing countries.

7 ways women can earn passive income through cryptocurrency

March 8, 2023 Coin Telegraph

Coin Telegraph

More women are joining crypto by buying Bitcoin and other coins or tokens. Here’s how to make passive income through crypto and boost some returns.

How can women earn passive income by running a masternode?

One of the oldest and most effective ways to earn a crypto passive income is by running masternodes, contributing the computer power necessary to drive a blockchain.

A masternode is a type of full node in a blockchain network that performs additional functions beyond simply validating transactions. Masternodes typically require a significant amount of collateral in the form of the blockchain’s native cryptocurrency in order to operate, which incentivizes their owners to act in the best interest of the network.

That said, by operating a masternode, the investor will be rewarded with the blockchain’s native currency. In contrast with regular nodes, masternodes don’t add new blocks of transactions to the blockchain. Still, they verify new blocks and have unique roles in the blockchain’s governance, such as voting on changes to the ecosystem and running protocol operations.

Running a masternode requires some expertise but also a significant collateral investment. Investors should be prepared to buy a substantial stake in the native cryptocurrency, purchase more expensive computer hardware than the average laptop, and consider the running costs.

For this reason, masternodes can be seen as a long-term investment. Running a masternode may require a substantial initial commitment, but little effort is needed to keep it running once it is in use.

How can women make passive income from crypto lending?

Many crypto platforms offer investors the opportunity to lend the deposited crypto assets to borrowers in exchange for regular interest payments.

The interest can be paid daily, weekly or monthly in the cryptocurrency deposited for lending, and often, compound interest is provided, which includes the initial investments and the accumulated interest from the previous terms.

Both centralized and decentralized cryptocurrency providers may offer high-interest rates, sometimes as high as 20% APY, and require the borrower to deposit collateral to secure the crypto loan. Women who are considering crypto lending should be aware of the high risks of such investments, as high rewards may disguise a broken business model.

Platforms like Celsius or FTX used to offer high interest to their customers but went bankrupt in 2022 due to their high-risk leverage strategies.

How can women earn passive income via crypto savings accounts?

A woman with an account in a crypto exchange can earn interest on the cryptocurrency she holds on the platform through a crypto savings account.

Similar to a savings account that customers own with a traditional bank, a crypto savings account provider will lend, invest or stake crypto on behalf of the investor in exchange for a share of the profits in the form of regular interest payments.

The investor who agrees to lock up her crypto for extended periods may benefit from more favorable rates. Also, various crypto platforms encourage customers to hold their native tokens by offering higher interest rates.

However, there are risks involved, such as the volatility of cryptocurrency prices, hacking risks and platform-specific risks. Women should carefully research and assess the risks involved before investing in a crypto savings account and only invest after proper due diligence of projects under consideration.

How can women yield passive income through yield farming?

Yield farming or liquidity mining is a decentralized finance (DeFi) application requiring investors to lend crypto to others in exchange for some interest and other rewards.

Yield farming was created to incentivize liquidity providers (LPs) to stake or lock up their crypto assets in a liquidity pool based on a smart contract. They receive rewards in the form of network fees, loan interest payments, or native digital token rewards. The lock-up time the investor requires depends on the platform, and the interest earned is calculated in annual percentage yield (APY).

The next step after selecting a platform and cryptocurrency is to add liquidity by making a deposit into the platform. Users are rewarded with extra tokens or fees in return for supplying liquidity. Likewise, it is critical to monitor your rewards from yield farming and to stay informed of any adjustments made to the platform’s reward system.

While some platforms reward users more for supplying liquidity in a particular cryptocurrency, others reward users more for making longer-term investments. However, there are risks associated with yield farming, such as the potential loss of money due to changes in the market or flaws in the DeFi protocol. Women should use caution when investing and only risk money they can afford to lose.

Can women earn passive income via cloud mining?

Crypto cloud mining is a type of crypto mining that allows investors to earn Bitcoin and other cryptocurrencies without buying, installing or maintaining any specific hardware or software equipment.

To start cloud mining, the investor must open an account with a legitimate mining farm, deposit digital or fiat currency funds, and purchase a certain amount of hashing power from the service provider. In exchange, the mining farm will reward participants with incentives based on the amount of hashing power they purchase.

There is no need for deep know-how or technical skills. However, it is essential to avoid severe mistakes that can be costly, such as choosing a fraudulent platform or neglecting the fine print, which may include extra costs making the investment not worthwhile.

Regardless, with cloud mining, participants do not have to worry about machinery noise, temperature, resource management or energy costs.

How can women extend their revenue stream through affiliate marketing?

Affiliate marketing in the crypto industry can be a way for women to extend their revenue stream by promoting crypto-related products or services to their followers or audience.

Many companies that offer crypto-related products or services have affiliate programs that allow individuals to earn commissions for promoting their products. Women can choose to promote products or services related to cryptocurrencies, such as hardware wallets, exchanges, trading platforms or educational resources.

The advantages of affiliate marketing include the possibility of using an existing audience to increase sales, the flexibility to work from anywhere and the ability to make passive income through commissions.

However, the potential for fraudulent or deceptive items, the risk of harming one’s reputation by endorsing inferior projects, and the risk of losing credibility with one’s audience if they perceive the promotion as spammy or insincere are all hazards involved with affiliate marketing.

How can women earn rewards for holding crypto via the staking mechanism?

Cryptocurrencies that operate through proof-of-stake mining offer users the opportunity to lock up one’s crypto holdings in a wallet for a certain period to obtain rewards or earn interest.

The mechanism discussed above is called crypto staking, which helps a network become more robust and efficient because it helps validate transactions in the blockchain, confirming that all transactions achieve consensus, are honest and follow the protocol’s rules.

There’s no need for deep know-how to stake crypto, and some exchanges enable cryptocurrencies to be staked automatically by users who hold eligible tokens in their accounts. Another way of staking is by keeping the cryptocurrency in a compatible wallet that allows users to participate in the networks’ consensus processes. In short, stakers approve and verify transactions on the blockchain and are rewarded for doing so.

Are women participants in crypto increasing?

The number of women investing in cryptocurrency continues to grow rapidly every year, with one in 10 women participating in the industry, according to a 2022 survey.

The digital era and the adoption of a new working and life model were accelerated during the pandemic, offering people the opportunity to work remotely. A work-from-home concept benefits women who traditionally undertake multiple tasks across family, career, home and child care.

Cryptocurrency investment may send women shivers down their spines; however, it may add several passive income streams, sometimes with little effort and in the comfort of their homes, maximizing returns on their crypto holdings. Finance and technology have traditionally been aligned with men’s interests and careers, but this is changing rapidly thanks to the advent of cryptocurrency.

Owning cryptocurrency may be an ideal way to invest in the long term depending on the risk-return profile of the investor. Women who’d like to invest in cryptocurrency for passive income have several options, depending on whether they have the time to learn technical skills or are ready to take risks.

Learning about the marketplace or a crypto provider’s reputation before investing is always safe, as that will make a massive difference in the overall performance of the strategy adopted. This article highlights a few work-from-home ideas for women to put their assets to work and add extra revenue to their monthly earnings.

7 ways women can earn passive income through cryptocurrency

How blockchain empowers women in developing economies

March 8, 2023 Coin Telegraph

Blockchain

Blockchain technology is empowering women in developing countries with financial freedom and improved access to social inclusivity and growth.

Does blockchain create career avenues for women in India?

Poised in the world market as a technology-first economy, Indian firms are rapidly investing in blockchain technologies to create new job opportunities.

Cryptocurrency exchange WazirX on March 2, 2023, published its survey of 400 female crypto holders in India and concluded an uptrend among women entering crypto investing.

However, this uptrend is not limited solely to investing. Women in India are actively joining career opportunities in Web3, crypto and blockchain platforms as creators, builders, influencers, founders, developers and more. Blockchain-related jobs are opening new and much-needed job avenues for the young demographic in this fast-growing decentralized web world.

EthIndia Devfolio to promote blockchain careers in India

The annual ETHWMN Fellowship in India, promoted by ETHIndia Devfolio, is an eight-week program exclusive for women to upskill Web2 developers and enable them to make the transition to Web3. Upskilling, removing barriers to entry for women, creating a more inclusive and remote first work environment are helping bring more Indian women into the blockchain workforce.

The projects highlighted show that cryptocurrencies and blockchain technology have potential for improving financial inclusion for women globally. Access to such initiatives can raise the quality of life and expand economic opportunities for women.

Will blockchain safeguard property rights in Honduras?

Honduras, an underdeveloped country in Central America, strives to solve property rights issues in the country by using blockchain.

The ability to prove land ownership is a crucial safeguard for those whose livelihoods depend on farming and cattle. The World Bank and other key international organizations have repeatedly underlined the need for clear property rights and improved property governance and record maintenance.

Property rights are thus recognized as an important step toward the autonomy and development of women. Yet land registration systems are frequently unreliable and susceptible to corruption in underdeveloped nations, such as Honduras, leaving farmers, including female farmers and their families, open to unauthorized land and property rights violations.

Factom, a U.S.-based blockchain startup, partnered with the government of Honduras to develop a blockchain land registry system. This key idea attempts to stop land title fraud and uplift the disadvantaged portion of the population. However, for various political reasons, the project has been halted, but it has the potential to bring much-needed transformation.

How does Propy empower realtors with blockchain?

Propy uses blockchain technology to simplify the real estate home purchase transaction process. It was selected as a technology pioneer by the World Economic Forum in 2021.

Propy is a Silicon Valley, blockchain-based real estate startup built on the Ethereum network by Natalia Karayaneva. Propy introduced smart contracts and automation to help brokers, agents and real estate companies migrate to a paperless deal-closing process.

The United States Bureau of Labor Statistics report on Occupational Employment and Wages from May 2021 estimated that there are 175,920 real estate agents currently employed in the United States. Interestingly, the sector is inclusive, as 65% of these real estate agents are women, many of whom are from diverse backgrounds and ethnicities, such as Hispanics, Latinos and Asians.

Propy holds the potential to empower these female real estate agents to close deals faster, reduce fraud, and ensure transparency in property rights and title transfers. As Propy expands into developing economies, it will make real estate records on the blockchain more accessible for women globally.

How is blockchain changing the coffee supply chain in Rwanda?

The use of blockchain technology in coffee plantations has resulted in better traceability in supply chains, increasing income and empowering female farmers.

One of Rwanda’s most significant export products is coffee, which is extensively sold in Germany. Despite this, small plantation-holder families frequently struggle to make a livelihood from their coffee farming because of low yields, their inability to get a desired market price, or their inability to manage production costs. Female farmers also work extensively on these coffee plantations and are often underpaid.

The International Women’s Coffee Alliance has partnered with blockchain programs and initiatives to create scalable and transferable supply chain solutions for tracing coffee produced by Rwandan female farmers.

This brings transparency about the origin of the coffee source to help command a better market price in the export market and ensure that the female farmers get their fair share of the revenue from the subsequent sales.

Making supply chains more transparent in Rwanda using blockchain

The success has led to similar partnerships of farmers, plantations and coffee growth alliances with multinational conglomerates like Nestle. In 2020, Nestle started exploring the blockchain supply chain and launched a limited edition blockchain coffee beans pilot project from three origins — Brazil, Rwanda and Colombia.

Does tokenization help women to access credit?

Tokenization on the blockchain helps turn things like a house, an antique or even a farm into digital assets. This has opened new avenues for monetization in Kenyan villages.

ATMs, banks and credit cards are financial enablers that are a seamless part of an individual’s everyday life, but for many in Kenya’s villages, this is far from reality. This is where Grassroots Economics is bringing a fresh change using blockchain and cryptocurrencies.

Grassroots Economics, a blockchain-based initiative in Kenya supported by UNICEF’s Innovation Fund, generates opportunities for access to credit in low-income areas by creating tokens called Community Inclusion Currencies (CICs). Villagers in a harsh crisis usually do not have cash or access to liquidity or credit; however, what they do have is crops, cattle, goods or labor services. These are the resources that can be monetized via tokenization.

CICs are tokens backed by real goods and services in a specific community, village or town, such as the work of carpenters, cooks, midwives, etc. Kenyan villagers can use the CIC tokens to secure a line of credit, backed by their own resources.

How is blockchain improving financial inclusion in African countries?

Access to high-end smartphones and fast internet is not a reality in many villages across Africa. Blockchain projects offer solutions to overcome these hardships.

Project Kotani Pay in Kenya allows users to off-ramp from crypto using a text-based platform on a basic mobile that does not require internet connectivity. Neither a bank account is mandatory since the platform functions as a decentralized, borderless application. This makes financial services offered via blockchain accessible to the unbanked population without smartphones or internet access. Kotani Pay’s pilot programs have been successful in helping 15,000 beneficiaries.

Interestingly, one of its pilot programs served a 97% female population, enabling them to receive a universal basic income of $1 a day. Per Kotani Pay, some of these women went on to spend these funds to set up small vegetable gardens or run small businesses to supplement their household incomes.

Friendlier and easy-to-use solutions similar to Kotani Pay are also evolving in other African nations as well. Another similar initiative is Project LEAF in Rwanda.

Project LEAF, supported by UNICEF, supports borderless international transactions on a regular phone. Many of its users are refugee women and their families from the Democratic Republic of the Congo who are now able to receive funds from families residing in other countries.

Women

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Does blockchain create career avenues for women in India?

Will blockchain safeguard property rights in Honduras?

How does Propy empower realtors with blockchain?

How is blockchain changing the coffee supply chain in Rwanda?

Does tokenization help women to access credit?

How is blockchain improving financial inclusion in African countries?

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