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We intrinsically know that crypto investment and participation should be for everyone, but just how realistic is this?
Crypto has been positioned as a groundbreaking financial innovation, promising financial inclusion and empowerment.
Its adoption, however, remains uneven, with some significant barriers limiting access for many.
This post explores three significant obstacles and how they can be overcome to help open the doors to crypto for all.
People cannot be what they cannot see the representation gap
Crypto is still a largely male-dominated industry, both in terms of users and creators. But why is this the case, and what can we do to bridge the gap?
The lack of female representation in crypto is striking.
Women make up a smaller percentage of crypto investors, founders of crypto technology companies and speakers at blockchain conferences despite my constant applications to event organizers.
To tackle this issue, we need to create more visible role models. People cannot be what they cannot see, and by highlighting successful women in the crypto space, we can inspire others to get involved.
Additionally, educational initiatives and mentorship programs that specifically target women can help break down barriers and provide the support needed to navigate the crypto landscape.
This inclusive approach also needs to be extended to the leadership teams and boards of crypto companies globally as it’s up to us to role-model inclusivity, including diverse backgrounds and experiences.
Aside from just gender, all types of diversity are key to shaping a future informed by different perspectives.
As an industry, we need to work to ensure people of all backgrounds and ages not only participate in but also help shape future innovation.
Crypto apps need a makeover user experience must be improved
Crypto apps have made significant progress, but they still have a long way to go in terms of being user-friendly for the less tech-savvy. Crypto concepts can be confusing, deterring potential users.
The key to overcoming this is to simplify the user experience with beautifully designed interfaces that are easy to navigate, making them a great option for beginners.
Other considerations include offering educational resources to help users understand the basics of crypto and the mechanisms behind how transactions work.
Improvements in mobile wallet apps such as not needing different wallet addresses for…
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