Misconception and
Misinformation. This is the main reason why Black Americans hated Bitcoin that much. They have been feed by the wrong information about what Bitcoin can do for them.
According to a survey of 5,126 Americans conducted by Coinbase and Qriously, Twice as many Black Americans have been negatively impacted by the current financial system compared to their white peers.
Bitcoin can really change the current situation about the economy of African-Americans. They are having a hard time managing their wealth because of their banks that provides a slow transaction. It affects really the economy of the African-Americans because the slower transaction will reflect to their economy movement.
Isaiah Jackson the author of
Bitcoin and the Black America book, talks to his fellow Black Americans that that they no longer need the current banking system to manage their wealth. He is promoting the usage of Blockchain Assets to his community since it provides a faster transaction that their current banking system can't provide. He also stated that the main reason why the Black Americans do not want to adapt bitcoin is because of the wrong mindset that Bitcoin is a scam and no longer exist. He created the book for him to be able to relay the message to his fellow Black Americans that the block chain technology would really have a huge impact to the economy of every other country.
We can be the light to every other people that doesn't know anything about Cryptocurrency. We must give them a proper information about what can Bitcoin do to change their lives. We must think of a better way to spread the information about it. Who knows? Maybe these information might be the reason why every other countries will accept Bitcoin in the future.
Sources:https://bitcoinist.com/twitter-ceo-is-pushing-bitcoins-benefits-for-black-america/https://www.coindesk.com/pandoras-box-but-for-freedom-author-isaiah-jackson-on-bitcoins-impacthttps://www.theatlantic.com/business/archive/2015/01/why-are-so-few-black-people-using-bitcoin/384268/