• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Afghan-Women Have Been Able to Use Bitcoin To Flee Afghanistan

October 11, 2021
in Crypto News
Reading Time: 2 mins read
A A
0
Afghan-Women Have Been Able to Use Bitcoin To Flee Afghanistan
0
SHARES
7
VIEWS
ShareShareShareShareShare

Roya Mahboob, Founder of the non-profit Digital Citizen Fund and one of Time magazine’s 100 most influential people in 2013, used to teach girls and women computer skills in Afghanistan, paying her staff and freelancers in bitcoin almost 10 years ago. Following the fall of Kabul in August, many of those women who received Bitcoin have been able to use it to escape the country.

While mainstream media often focuses on the shadow economy and those who use crypto for nefarious means, founder of the non-profit Digital Citizen Fund Mahboob has spoken to Reuters about how Bitcoin has provided her and other women in Afghanistan with a lifeline in the midst of economic and social chaos. 

The 34 year old noted how, almost ten years ago, she struggled to find a way to pay her workers, as women were either not allowed to have a bank account or lacked the necessary documentation:

“It wasn’t feasible – or safe – to send cash to everyone, but mobile money wasn’t used as widely, and options like PayPal didn’t exist. Then we heard about bitcoin…It was easy to use, cheaper and more secure than other options. So we taught the girls how to use it and began to pay our staff and contributors with it – we told them it was an investment for the future,”

Around 16,000 girls attended Mahboob’s centre, and a third of them learnt how to set up a crypto wallet and receive funds. They were also able to learn about trading and investing in Bitcoin and Ethereum if they were interested in doing so.

While Mahboob moved away several years ago for her own safety, she notes that a number of women have been able to escape, or move their money out of the country, by having access to crypto:

“I am thinking now – why didn’t we teach about crypto more aggressively, so more Afghans could have crypto wallets and be able to access their money now…​​The traffickers and kidnappers will always find a way to abuse a system. But the power of crypto is bigger – especially for women and those who don’t have bank accounts, it is very beneficial and so empowering,”

The Afghan entrepreneur and philanthropist has drawn attention to the positive use cases of Bitcoin and other cryptocurrencies. Far from lining the pockets of the crypto wealthy, there are other greater ways that crypto can positively impact those who most need access to it.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Is Facebook Stock Still a Buy?

Next Post

Is Amazon Stock Bouncing Back?

Related Posts

FTX Requests Return of Donations from SBF’s Political Beneficiaries
Crypto News

FTX Requests Return of Donations from SBF’s Political Beneficiaries

February 6, 2023
4
XRP & Stellar Lumens is the only crypto that is part of ISO 20022
Crypto News

Ripple and VeChain to conquer this futuristic billion-$-market

February 6, 2023
4
FinTech Firm tZERO Announces Exchange Shutdown
Crypto News

FinTech Firm tZERO Announces Exchange Shutdown

February 6, 2023
3
Charlie Munger wants the U.S. to ban cryptocurrencies
Crypto News

Charlie Munger wants the U.S. to ban cryptocurrencies

February 6, 2023
4
Indonesia To Launch National Crypto Exchange in June 2023
Crypto News

Indonesia To Launch National Crypto Exchange in June 2023

February 6, 2023
4
Next Post
Is Amazon Stock Bouncing Back?

Is Amazon Stock Bouncing Back?

Recommended

DeFi Will Be the Foundation of Crypto’s Next Cycle: Pantera Capital

DeFi Will Be the Foundation of Crypto’s Next Cycle: Pantera Capital

January 25, 2023
7
Intel stock down 10% on Q4 results: buy the dip?

Intel stock down 10% on Q4 results: buy the dip?

January 27, 2023
8
Premier League partners digital trading cards firm Sorare

Premier League partners digital trading cards firm Sorare

January 31, 2023
3
Vital Farms raised egg prices ‘reluctantly and in small amounts’: CEO

Vital Farms raised egg prices ‘reluctantly and in small amounts’: CEO

January 28, 2023
3
Bitcoin Price Analysis: Given at 23165

Bitcoin Price Analysis: Given at 23165

January 26, 2023
6
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • FTX Requests Return of Donations from SBF’s Political Beneficiaries
  • Ripple and VeChain to conquer this futuristic billion-$-market
  • FinTech Firm tZERO Announces Exchange Shutdown

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?