On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Black and LBGTQ Americans are more than twice as likely to invest in crypto than White Americans.
A survey provided to USA Today by Harris Poll has found that Black, Hispanic, and LGBTQ Americans are significantly more likely to own crypto assets.
According to surveys of 2,010 and 2,003 U.S adults conducted during June and July, 23% of Black Americans and 17% of Hispanic Americans indicated they are currently invested in digital assets, compared to only 11% of white Americans, and 13% of the general public. 25% of LGBTQ respondents also said they hold crypto.
Cryptocurrency awareness is also higher among minority groups, with half of Black Americans, Hispanic Americans, and Asian Americans expressing familiarity with cryptocurrency, while only 37% of White Americans answered the same.
The poll also found that 43% of Black Americans believe they have not been treated fairly by the banking and loans industries, a sentiment echoed by 39% of LGBTQ respondents. By contrast, 28% of the general public said they had been treated unfairly by the finance sector.
According to Harris Poll CEO, John Gerzema, many marginalized communities have experienced financial discrimination, likely contributing to their increased willingness to explore decentralized assets:
“There has been a long history of discrimination in investments and that could be why we have seen a wide demography of interest and inclusivity in crypto – because it’s new, open and seemingly has fewer barriers to entry.”
Related: How will blockchain and crypto improve the lives of LGBTQ+ people? Experts answer
Tyrone Ross, the CEO of investment advisory firm, Onramp Invest, echoed Gerzema’s sentiment, stating: “Crypto is very big with Black millennials and LGBTQ Americans because it represents freedom."
"This is very much a social movement [...] representation and equality are what crypto promotes, evokes and distributes,” he added.
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