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Cryptocurrencies and Blockchain Technology: Catalysts for Racial Equality and Socioeconomic Justice



Pleasant Grove, Utah, United States, 16th May 2023 – Introduction: As a minority leader in the world of decentralized finance, I have a unique vantage point through which I am able to observe the growth of our industry. My experience has taught me that decentralized finance (DeFi) is the ultimate meritocracy. It’s a space where your race, background, or socioeconomic status does not define your success, but your ideas, skills, and contributions do.

In the face of persistent racial inequality and socioeconomic disparity around the globe, the rise of cryptocurrencies and blockchain technology brings a glimmer of hope. These innovations are not just changing how we think about finance; they’re challenging deeply ingrained systemic biases and creating new pathways towards financial inclusivity and economic empowerment.

In this democratized financial landscape, access to opportunities and resources is being reshaped. The traditional gatekeepers are losing their grip, making way for a system that is open, transparent, and inherently merit-based. It’s a bold new world where the possibilities are as vast and varied as the individuals who participate in it.

With this perspective, I invite you to explore with me the transformative potential of cryptocurrencies and blockchain technology, and how they can catalyze racial equality and socioeconomic justice.

Section 1: Understanding Cryptocurrencies and Blockchain Technology

Cryptocurrencies are digital or virtual currencies that use cryptography for security, with Bitcoin being the most famous example. They operate on technology called blockchain, which is a decentralized, transparent, and secure digital ledger system. Blockchain enables each participant in the network to access the entire database and the history of transactions, creating a high level of transparency and trust.

This revolutionary technology has experienced a meteoric rise in adoption. As of 2021, over 100 million people worldwide had reportedly started using cryptocurrencies, a testament to their growing influence in the global financial system.

In terms of growth rate, the number of global crypto users nearly doubled in the first quarter of 2021 from 35 million users to 66 million. This rapid increase underscores the democratizing potential of cryptocurrencies and blockchain technology, making financial services accessible to all individuals, regardless of their access to traditional banking infrastructures.

Cryptocurrency adoption extends across the globe, transcending geographical boundaries. While developed countries like the U.S., China, and Russia play a significant role in the crypto market, emerging economies such as Ukraine, Venezuela, and Kenya are also showing significant growth in crypto usage. This broad geographic distribution illustrates the universal appeal and accessibility of these digital assets.

In terms of demographic data, a rising number of individuals across different age groups and socioeconomic backgrounds are embracing cryptocurrencies. A 2020 UK survey showed that the number of cryptocurrency owners had risen to 2.6 million, up from 1.5 million the previous year, indicating a growing acceptance among younger, tech-savvy individuals.

Cryptocurrencies and blockchain technology are breaking down traditional financial barriers, fostering economic opportunities, and ensuring transparency and fairness. With their potential for widespread adoption and inclusivity, they’re poised to play a critical role in promoting racial equality and socioeconomic justice.

Section 2: Breaking Down Financial Barriers

Traditional banking systems have long been a source of disparity in financial access, with systemic biases often marginalizing racial minorities and individuals from lower socioeconomic backgrounds. For instance, a 2020 report from the Federal Deposit Insurance Corporation (FDIC) in the United States found that 5.4% of U.S. households were unbanked, representing approximately 7.1 million households. This lack of access disproportionately affects minority households, with 13.8% of Black households and 12.2% of Hispanic households falling into the unbanked category.

Cryptocurrencies and blockchain technology provide a solution to these inherent inequalities. As decentralized systems, they offer financial services independent of an individual’s credit history, geographical location, or the presence of traditional banking infrastructure. This feature democratizes access to financial services, evidenced by the rapid global adoption of cryptocurrencies. As mentioned in the previous section, over 100 million people worldwide had reportedly started using cryptocurrencies as of 2021.

In developing countries, where access to traditional banking is often limited, cryptocurrencies have seen significant growth. For example, Chainalysis’ 2020 Geography of Cryptocurrency Report indicated that Kenya, Venezuela, and Vietnam were among the top countries in terms of crypto adoption, providing residents with an alternative to traditional banking systems.

Furthermore, the transparent and secure nature of blockchain technology ensures that transactions are impartial, reducing the opportunity for financial bias or discrimination. By breaking down financial barriers and promoting inclusivity, cryptocurrencies and blockchain technology have the potential to create a more equitable financial landscape.

Section 3: Fostering Economic Opportunities

Blockchain technology is not merely an alternative to traditional banking; it’s a catalyst for entrepreneurship and innovation, particularly in underserved communities.

One of the unique features of blockchain technology is its ability to enable peer-to-peer transactions, eliminating the need for intermediaries like banks or money transfer services. This aspect can stimulate local economies by supporting microentrepreneurship. For instance, blockchain-based startups in Africa, such as BitPesa, are leveraging this technology to provide cheaper and faster remittances, directly aiding local microentrepreneurs.

Furthermore, blockchain offers novel mechanisms for people to raise capital and grow wealth. Initial Coin Offerings (ICOs) serve as one such example. Rather than being a means to bypass traditional securities offerings, ICOs represent a new fundraising mechanism tied to the blockchain space. They allow businesses to generate capital while offering participants potential access to new blockchain-based services, platforms, or tokens.

Decentralized Finance (DeFi) platforms, another product of blockchain innovation, grew from around $1 billion to over $14 billion in total value locked in 2020, demonstrating their potential as tools for wealth creation.

Blockchain’s potential extends to the concept of “tokenization,” where real-world assets are digitally represented on the blockchain. This allows individuals to invest in assets that were previously out of reach. Companies like RealT, for instance, tokenize real estate properties, enabling people to own a fraction of a property and earn a share of the rental income.

Beyond finance, blockchain can transform sectors like supply chain management, healthcare, and voting systems by increasing transparency, reducing fraud, and making services more accessible. For instance, Everledger uses blockchain to track the provenance of products, promoting fair trade and combating counterfeiting.

Section 4: Promoting Inclusivity and Fairness in Financial Systems

Blockchain and cryptocurrencies are inherently designed to promote inclusivity and fairness in financial systems. The decentralized nature of these technologies, coupled with their global accessibility, ensures that anyone with an internet connection can participate, regardless of their racial or socioeconomic background.

For example, the global peer-to-peer (P2P) bitcoin marketplaces have seen significant usage in regions where access to traditional banking systems is limited. Paxful, a leading P2P cryptocurrency marketplace, reported a 20% increase in new registrations from underbanked regions in 2020.

The inclusivity of blockchain extends beyond individual usage. Non-profit organizations and social enterprises worldwide are leveraging blockchain technology to tackle systemic racial and economic inequalities. For instance, the Grameen Foundation used blockchain to disburse microloans to female entrepreneurs in the Philippines who were otherwise excluded from traditional banking systems. This initiative not only fostered financial inclusion but also promoted gender and socioeconomic equity.

To illustrate the potential impact of these technologies on a personal level, let’s consider a hypothetical anecdote. Imagine a small-scale farmer in a developing country who, due to systemic barriers, has limited access to financial resources and markets. With blockchain technology, this farmer could receive microloans via a DeFi platform, sell their produce directly to consumers through a blockchain-based marketplace, and receive payments in cryptocurrency. These opportunities could significantly enhance their financial stability and economic prospects.

Moreover, the transparency and security offered by blockchain technology can reduce incidents of financial discrimination and bias. By ensuring that all transactions are publicly verifiable and immutable, blockchain fosters an environment of accountability and fairness. This is particularly relevant in sectors such as real estate and lending, where racial and socioeconomic biases have historically led to unequal access and treatment.

Section 5: Challenges and the Way Forward

While blockchain technology and cryptocurrencies hold immense potential for promoting racial equality and socioeconomic justice, it’s crucial to acknowledge the existing challenges that could limit their impact.

One of the primary obstacles is the lack of regulatory clarity. The global and decentralized nature of cryptocurrencies poses a unique challenge for regulators, with rules and guidelines varying significantly across countries. This uncertainty can deter potential users and investors, slowing the pace of adoption and potentially reinforcing existing financial inequalities. Therefore, establishing clear, fair, and consistent regulations is essential to ensure that blockchain technology and cryptocurrencies can fully realize their potential in promoting socioeconomic justice.

Another challenge is access to the necessary technology. The use of cryptocurrencies and blockchain technology requires internet access and, often, a smartphone or computer. However, a significant portion of the world’s population still lacks reliable internet access or the necessary devices, particularly in developing countries. This digital divide could exclude these individuals from the benefits of blockchain technology.

Industry knowledge and adoption also pose significant challenges. Understanding blockchain technology and cryptocurrencies requires a certain level of technical knowledge, which can be a barrier for many people. Furthermore, despite the growing popularity of cryptocurrencies, their usage is not yet widespread, particularly in traditional commerce.

The way forward involves addressing these challenges through concerted efforts in several key areas.

Firstly, adoption should be promoted through a combination of regulatory clarity, public and private partnerships, and the development of blockchain solutions that address real-world problems, particularly those faced by marginalized communities.

Secondly, education is key. Efforts should be made to demystify blockchain technology and cryptocurrencies and make this knowledge accessible to all, regardless of their socioeconomic status. This includes integrating blockchain education into school curricula and public awareness campaigns.

Thirdly, intuitive design can make blockchain-based applications more user-friendly, reducing the knowledge barrier and encouraging wider adoption. Blockchain developers should prioritize user experience and simplicity, making these technologies as easy to use as traditional banking apps.

Lastly, integrating blockchain technology into existing technologies can facilitate its adoption. For instance, combining blockchain with mobile money services, which are already widely used in many developing countries, could enable more people to access and benefit from blockchain-based services.

While challenges exist, they are not insurmountable. By focusing on adoption, education, intuitive design, and integration, we can leverage blockchain technology and cryptocurrencies to advance socioeconomic justice and promote a more equitable financial future.


Blockchain technology and cryptocurrencies are poised to revolutionize our financial systems, promoting a level of inclusivity and fairness that traditional systems have yet to achieve. As we’ve explored in this article, these technologies can democratize access to financial resources, foster microentrepreneurship, promote transparency, and combat systemic inequalities.

The global adoption of cryptocurrencies is growing, with diverse demographic groups around the world benefiting from this financial evolution. However, it’s not just the technology itself that’s transformative, but also the opportunities it creates for socioeconomic justice. Whether through peer-to-peer transactions, ICOs, DeFi platforms, or tokenization of real-world assets, blockchain technology is enabling economic opportunities that were previously out of reach for many.

While challenges such as lack of regulatory clarity, limited access to technology, gaps in industry knowledge, and adoption barriers remain, the path forward is clear. Through concerted efforts in promoting adoption, enhancing education, prioritizing intuitive design, and integrating blockchain technology into existing systems, we can accelerate the journey towards economic fairness.

The promise of blockchain technology and cryptocurrencies extends beyond their potential as a new form of currency or an investment opportunity. They represent a pathway to a more equitable world, where racial equality and socioeconomic justice are not just ideals, but realities.

As we continue to explore and leverage these technologies, we should bear in mind this transformative potential. After all, the true value of innovation lies not just in economic growth, but in its ability to make our world a fairer and more just place. And with blockchain technology and cryptocurrencies, we have the tools to make this vision a reality, and faster than we ever thought possible.

At Block Busters Tech, Inc., we’re not just observing these transformative possibilities – we’re actively engineering them. Through our innovative tools and solutions, we are committed to driving the evolution towards a future that not only embraces blockchain technology and cryptocurrencies but also champions fairness, equality, and boundless opportunity for all.

Media Contact

Organization: Block Busters Tech, Inc.

Contact Person: Don Bailey (@donbaileyspeaks)


Email: [email protected]

City: Pleasant Grove

State: Utah

Country: United States

Release Id: 1605233538

The post Cryptocurrencies and Blockchain Technology: Catalysts for Racial Equality and Socioeconomic Justice appeared first on King Newswire.

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World Mobile Token Announces Cross-Chain Bridges to BNB Chain and Ethereum



–News Direct–

World Mobile has announced the creation of dedicated cross-chain bridges to both BNB Chain and Ethereum. The deployments will provide a secure and convenient way for users to move World Mobile Token (WMT) between Cardano, BNB Chain and Ethereum.

The implementation of cross-chain bridges is part of World Mobiles multi-chain strategy, designed to give more users exposure to its growing ecosystem. By introducing WMT to existing users of BNB Chain and Ethereum, World Mobile will enable more people to tap into its mobile data solution and reap the rewards. The initiative will also increase liquidity for WMT, making it easier for users to efficiently enter and exit positions. Both BNB Chain and Ethereum will be integrated into World Mobiles sidechain AyA, providing increased flexibility for its EarthNode operators.

World Mobiles decision to bridge to BNB Chain and Ethereum comes hot on the heels of its partnership with Conflux Network, the only regulatory-compliant public blockchain in China. As part of that partnership, WMT was bridged into the Conflux blockchain, marking the first time WMT was bridged outside of the Cardano ecosystem. World Mobiles decision to add BNB Chain and Ethereum to its cross-chain destinations was driven by their speed, scalability and high number of active users. BNB Chain in particular has seen strong growth in recent times, surpassing the milestone of two million daily active users.

Zachary Vann, Head of Token at World Mobile Token, said: We are delighted to announce that World Mobile Token is now bridging to both BNB chain and Ethereum, two of the most influential and innovative blockchains in the crypto space. This is a significant step forward for our multi-chain strategy, as it will enable our token to access the rich and diverse ecosystems on both chains. It will also enhance the interoperability and liquidity of WMT, and support further growth of World Mobiles AyA sidechain.

World Mobiles vision is to create a more inclusive and sustainable mobile ecosystem where users can earn revenue and have greater ownership over network infrastructure and data. Expanding its cross-chain reach is part of World Mobiles strategy to onboard more users and create more value for participants in its sharing economy.

About World Mobile

World Mobile was founded with a far-reaching goal: to connect everyone, everywhere while advocating for economic freedom and dignity. Unlike traditional mobile networks, World Mobile is based on blockchain and incentivizes people to be part of a sharing economy that taps into the trillion dollar global telecom market. Individuals and business owners around the world can operate nodes on its network and bring their community online while earning revenue.

Learn more:

Contact Details

Avishay Litani

[email protected]

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Tasmania poised to become a global Green Methanol leader – fuelling the next wave of the energy transition.



Development Aerial View

Hydro Tasmania has announced the signing of a term sheet with Bell Bay Powerfuels for the sale of
the decommissioned Bell Bay Power Station, following an Expression of Interest process launched by
Hydro Tasmania in December 2022.

Launceston, Tasmania Aug 3, 2023 ( – Hydro Tasmania has announced the signing of a term sheet with Bell Bay Powerfuels for the sale of the decommissioned Bell Bay Power Station, following an Expression of Interest process launched by Hydro Tasmania in December 2022.

The $1.2B Bell Bay Powerfuels Project currently under development by its Australian parent company ABEL Energy, with financial and project support from Iberdrola Australia, involves a green hydrogen and green methanol production facility, to be built at the power station site.

The selection of the site now accelerates project development, with front end engineering and design- FEED – due to start in a few months’ time. Commercial operation is scheduled to commence in 2027.

The project will also require the development of new power generation assets, to provide sufficient renewable power for the proposed 240MW electrolyser unit. This unit will generate the green hydrogen required for the onsite production of green methanol. This safe, clean-burning, net-zero liquid is currently in strong demand as an emerging fuel for new ships on order by some of the world’s largest shipping companies.

At the proposed 300,000 tonnes per annum of output, this is a global-scale green methanol project, the largest of its kind in the Southern Hemisphere. The renewable power assets needed to produce the fuel will be developed with Iberdrola which has
substantial global experience in renewable power generation.

Hydro Tasmania’s Bell Bay Power Station was originally oil-fired when commissioned in 1971. It had its own deep water berth to receive the incoming ocean-going oil tankers. The berth is still in place and will be used by Bell Bay Powerfuels for the export of green methanol. The power station will otherwise be demolished although there is a desire to retain and repurpose some of the other existing structures where possible.
Construction of the project will require about 500 people, with ongoing operations involving about 250+ direct and indirect jobs.
Significant progress has already been made across other project components such as supply of biomass from certified plantations, sustainable water sourcing, engineering capability and green methanol offtake arrangements.

ABEL Energy Pty Ltd |

Co-founder and Chief Executive Officer of ABEL Energy, Michael van Baarle, said:

” This announcement is the start of a very unique period for Tasmanian renewable
energy. We are on the cusp of being a global leader in green methanol production,
the future fuel of world shipping. It’s a great win for all Tasmanians particularly the
Tamar Valley communities of George Town and Launceston.”

Chief Executive Officer and Chairman of Iberdrola Australia, Ross Rolfe, AO, said:

” Iberdrola Australia’s support for the Bell Bay Powerfuels green methanol project
is part of our broad commitment to helping deliver decarbonisation solutions for
commercial and industrial customers in historically hard-to-abate sectors. In addition
to our partnership with Bell Bay Powerfuels, Iberdrola is providing technical and
commercial support for the project, enabling the development to benefit from our
local market expertise and global capabilities in this emerging technology.”

For more information please contact:
ABEL Energy
Simon Talbot, Director Commercial
e: [email protected]
m: +61 447 599 622

About ABEL Energy

ABEL Energy is an industrial project development company focussing on the production and use of green hydrogen primarily for the production of green methanol. The company is led by some of the most experienced synthetic fuel proponents in Australia, with expertise in chemical engineering, fuel applications and corporate development. It is a member of the Methanol Institute, CO2 Value Australia and BBAMZ Ltd.

More information about ABEL Energy is available at:

About Iberdrola Australia

Iberdrola Australia is leading Australia’s transition to a clean future, today. Our strategy is to put customers at the centre of the renewable energy transition by providing them with firm supplies of clean energy. We partner with our customers to help them deliver their sustainability and renewable energy goals. At Iberdrola Australia we operate one of the largest portfolios of renewable energy assets in the country and we have invested in a fleet of flexible, fast-start firming assets that manage intermittency risks. Iberdrola Australia’s customers include manufacturers, universities, councils, food and beverage producers, electric vehicle manufacturers, commercial property operators, industrial
utilities, timber processors and large-scale infrastructure assets.

More information on our customer offerings is available at:

Source :ABEL Energy

This article was originally published by IssueWire. Read the original article here.

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Eric North, The Happiness Warrior is here with a different perspective of ‘Pride’



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New York City, New York Aug 2, 2023 ( – June is the month of Pride when the LGBTQ+ community celebrates and embraces their gender and sexuality. However, people are still unaware of the fact what kind of struggles one goes through to find out and establish their gender identity. Eric North takes this opportunity to redefine ‘Pride’ for everyone while sharing his turmoil and offering a potential dose of motivation to stay true to self. While most people consider that ‘Pride’ is all about festivities and parades, the true meaning is lying underneath. Eric feels, somewhere around the celebration; people are missing out on the real meaning of resonating.

As The Happiness Warrior, Eric believes that pride is a form of joyous rebellion that comes with a sense of freedom and is capable of empowering everyone. While it offers an amalgamation of self-esteem and satisfaction, pride is also something that defines a person and makes them proud of themselves. Eric says that Pride is an authentic state of being in alignment with our truth. It is universally true and simple, yet there is so much unnecessary struggle and complexity in it. Eric questions why humans are living in fear of who they really are. To find out the answer, he has to look back at the series of traumatic events that he has to go through until he really found himself, free and proud.

Eric had to struggle in his childhood as he often felt confused and disconnected, which turned him distant. In order to relieve his parents from the shame of having a bad kid, Eric actively tried to change his behavior to please others. His father was emotionally abusive and that made Eric refrain even more about his real identity and who he really was. Similarly, there was his father’s friend Garry who made Eric shrink in fear with stories of beating women and gay men. The misogynistic womanizing air in the house was quite suffocating for him. Eric carefully kept himself hidden until he went to college and could finally address his sexuality without any fear or shame. Though school treated him normally, deep within he knew there was no place for him. In order to save himself and his pride, Eric went out after graduation, and through all these years of practice; he finally become The Happiness Warrior.

It is not just Eric but he knows that many men and women in that era were confused and unhappy and what triggered it even more is the societal prejudice of violence and hatred. As a result, most individuals could find themselves indulged in years of self-loathing and destructive behavior. Eric could never understand the meaning of pride and just like others as most people were discriminated against and made feel guilty and shameful about their gender identity. In the late ’70s, the “me” generation emerged and brought a time of sexual liberation to society. The social landscape was quickly changed with Birth control, a forgotten war, and gay rights. As a result, more people like Eric started to find out and embrace their true gender identity without any fear or shame. From the cringe, rigid and misogynistic society to the acceptance of the LGBTQ+ community; the path was not easy and Eric has witnessed it all. Now he believes that a better life is always waiting for all on the other side, all it takes is to step forward.

The constant sense of shame and embarrassment for not living up to the truth can be very disheartening and can lead a person to an existential crisis. Therefore, it is necessary for everyone to find out for themselves and stick to their true identity. When a person does not trust in self fully, there will be many missed choices and opportunities. Eric has witnessed that first-hand and now is paving the way for everyone to embrace themselves while achieving true happiness in life. It takes a lot of consistency, determination, and struggle to stay on the right path but it is also true that difficult experiences can make a person braver and more confident. Winning the battle within, Eric became the Happiness Warrior who speaks for and is ready to fight for all. He is showing the route where humans live in pride, free of self-defeating talk and negative emotions.

As the Happiness Warrior, Eric North speaks for every single one of the struggle individuals around the world as he believes in unifying power rather than something very exclusive. The key lies in keeping an open mind and heart that helps to take pride in their ability to be understanding without judgment. The power of self-love and reinvention offers a sense of pride that makes humans believe in themselves. In this pride month, Eric has decided to redefine ‘Pride; for everyone to which all can relate without being a part of any exclusive group. Happiness is greater when it is shared by all and Eric proves that again. Learning how to think freely and advocating for the acceptance of others can turn anyone into a better person. And Eric is offering all the effective tools and practices to embark on the journey.

Eric knows that everyone can take pride in themselves when they know the difference between living their own lives for own selves instead of others. He shows that path that can help everyone raise their self-esteem while finding the ‘perfect’ version of every individual. It is the only path to true happiness which now can be easily gained as everyone can be more visible and heard in this era. Pride isn’t something that one group holds alone, but something that can unify everyone together. Eric believes that every individual can have more pride when they are able to realize the connections in their lives that draw humans together. The happiness gets greater magnitude when self-esteem rises and people can actually value themselves for who they really are. Celebrate this Pride month and connect with the Happiness Warrior at

Media Contact

Tom Estey Publicity & Promotion

[email protected]

518 248 6174

Source :Tom Estey Publicity & Promotion

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