Empowering Women With Financial Services — Bank Xero
Tags: Cryptocurrency, Exchange, Token, ICO, Blockchain

Inequality has been a part of the human experience since the very beginning. Whether it be gender-based discrimination, the gulf between the rich and the poor, or one of the many socio-economic issues at play, inequality is everywhere around us.

Although we have made a lot of progress in recent decades addressing the most abhorrent of these inequalities, there is still a lot of ground to cover. At Mission Prosperity, we aim to be a driving force of change with our services in the financial sector.

Surprisingly, the inequality between men and women is still present on a large scale around the world. The story is the same across the board, although the extent of disparity is different. While manynations have seen a revolution in women’s rights over the past hundred years, there are still issues that need to be addressed in the form of equal pay, representation, and acceptance across industries.

On the other hand, many developing nations are currently in the midst of their own women’s rights movement. As the access to education, information, and general awareness continue to grow, largely in part to the arrival of technology such as the internet and smartphones, women in these countries are more aware of their rights and the inequitable place in the society they’ve been forced to occupy.

Increasingly, women in developing and often patriarchal countries are beginning to realize the key to growth is financial freedom. Traditionally, women belonging to these stratospheres of society have been set up for failure in many ways — unequal access to education, financial literacy, freedom to work, etc, are some of the constraints holding them back.

Women workers belonging to the informal sector — local shopkeepers, maids, etc, — face not only the challenges associated with being with a woman in a male-dominated space but are also left vulnerable to the uncertain nature of their work. In many developing countries around the world, a large percentage of women still don’t have their own bank account or the freedom to make independent financial decisions.

This is slowly but surely beginning to change as more women from these countries are gaining access to education and workspaces previously only reserved for men. Like their counterparts in first world countries, these women have taken the baton of change and are running with it.

A major aspect of this independence is financial freedom. Having the ability to save money and build financial security empowers these women to make their own decisions and lead life on their own terms. By eliminating the need to rely on a male relative — husband, father, brother, etc — for money, women in developing countries are finally beginning to have their own voice in not only their personal lives but society in general.

As a proponent of universal and highly equitable financial services, Mission Prosperity aims to be an integral part of this progress. With Bank Xero, we will provide ready access to financial services like banking for those that need it most. With the informal sector being a key part of our mission, we believe that we can be a major contributor to the women of this often overlooked segment of society and better their lives, one woman at a time! Visit https://missionprosperity.org/ to learn more.