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A new study confirms the crypto industry has a lot of progress to make to bridge the gender gap. It shows that startups conducting ICOs are still markedly male-dominated – over 85 percent of the team members in the surveyed companies are men. The data also suggests women are even less likely to hold executive and advisory positions.
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Four out of Five Startups Don’t Have a Female Executive
The research conducted by Longhash covers 100 upcoming initial coin offering (ICO) projects listed by ICO Rating, a website that tracks new token sales. The crypto analysis platform has collected data about the overall gender balance of each team, the number of female executives, including founders, as well as the share of women among their advisors.
According to the report, 14.5 percent of the team members are female, with only 7 percent of the executive roles occupied by women. Their number among advisors is just a touch higher – 8 percent. Furthermore, almost four out of five startups (78 percent) don’t have a single female C-level executive and 75 percent don’t have female advisors.
The survey is based on information published on the projects’ websites. The companies have listed a total of 1,062 team members, including 326 founders and senior executives, and 473 advisors. Another key finding is that well over a third of the companies, or 37 percent, have no female employees at all. The authors believe these are telling numbers and also warn they might even be overly optimistic:
In the case of advisors, if you discount two outlying startups that had large advisory boards with more than 25 percent women, the overall percentage of women in advisory roles drops to under 6 percent. And in the case of executives, there was only one startup out of the entire 100 we looked at that had more than one woman in an executive role.
ICOs With Female Advisors Less Likely to Be Managed by a Woman
Researchers at Longhash have also found some interesting correlations. It turns out, for example, that crypto companies with a woman on their advisory board are “slightly less likely” to have a female member of their executive team.
On the other hand, startups that have at least one woman in an executive role appear to be more likely to have a female advisor too. Longhash warns, however, that in both cases the differences as well as the samples are relatively small to draw reliable conclusions.
The authors of the report also note that the tech industry in general remains largely male-dominated. They point to other studies in the field indicating less pronounced but nevertheless evident imbalance. For instance, a study published by Statista on March 8, the International Women’s Day, shows that women made up between 26 and 43 percent of the employed in eight leading tech companies last year. And in 2015, they held 25 percent of the executive roles. Also, according to another study released by software platform Carta in September of this year, less than a third of the employees at small tech startups are women.
Some representatives of the crypto industry have tried to address the issue. Following accusations that its leadership had become an “old boys’ club,” Switzerland’s Crypto Valley Association recently elected two female members to its board. According to a recent report, the upcoming major reshuffle of its management team will not affect their roles.
What is your opinion about the gender imbalance in crypto startups? Share your thoughts on the subject in the comments section below.
Images courtesy of Shutterstock, Longhash.
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The post Study Finds Less Than 15% of Team Members in ICO Startups Are Women appeared first on Bitcoin News.
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Canadians can now gradually accumulate small fractions of BTC by rounding up their everyday debit card purchases with a mobile application called Shakepay. The company launched in 2015 operates multiple cryptocurrency services and its new Shakepay Change element aims to provide individuals with a frictionless way to buy BTC in Canada.
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Shakepay: A Spare Change-to-Cryptocurrency App
The Montreal-based financial technology company Shakepay provides digital currency applications for Canadians. Since 2015, the Shakepay application has provided users with the ability to purchase and sell bitcoin core (BTC) in a quick fashion. The company has serviced over 40,000 customers and has processed well over $ 30 million in BTC since its inception. The Shakepay Change feature is a new addition to the slew of applications created to make acquiring bitcoins easier. The change service will allow Canadians to purchase BTC with the spare change of rounded up debit purchases.
Basically, Shakepay Change users need to link a debit card to their Shakepay account. Then if they purchase anything, the application will round up each purchase to the nearest dollar. The leftover change is what is used to purchase BTC and then the platform adds the funds to the Shakepay wallet.
“Following Bitcoin, the entire suite of financial services is being rebuilt independently from the current financial infrastructure,” explained Jean Amiouny, CEO of Shakepay. “We believe enabling access to these services is paramount to the creation of wealth and economic freedom.”
Shakepay is a licensed money services business and can operate in any province throughout Canada. The company is backed by investors such as Boost VC and has also partnered with a Schedule 1 bank in order to facilitate the application’s payment processing. The Shakepay team believes Bitcoin’s innovation is important because “it enables wealth to be stored with an individual without the need for a third party.” The Shakepay application with the spare change service is available for Canadians using both Android and iOS mobile phones.
Not the Only Loose Change Crypto-Application
Shakepay is not the first company to offer this type of cryptocurrency purchasing technique with rounded up debit purchases. Back in the spring of 2015, the project Lawnmower.io offered a spare change-into-bitcoin conversion tool that was tethered to Coinbase accounts. However, Lawnmower stopped offering the rounded change feature back in March 2016.
Then there’s another digital currency purchasing application that rounds up purchases called Coinflash. The Coinflash application gives users the ability to purchase BTC and ETH using spare change.
As far as Canadians are concerned, they can try the Shakepay platform to acquire small fractions of BTC. “Our mission is to create open access to building wealth and we’re setting out to have every single Canadian owning bitcoin,” Amiouny added.
What do you think about the Shakepay Change feature? Let us know what you think about this subject in the comments section below.
Images via Shakepay Change, and Shutterstock.
At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.
The post Shakepay App Turns Spare Change Into Fractions of BTC appeared first on Bitcoin News.
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