Cryptocurrency draws Black and Latino Americans left behind by traditional banks – The Washington Post

Cryptocurrency draws Black and Latino Americans left behind by traditional banks – The Washington Post

The sisters, known as the CyberCode Twins, paid off one of their parents’ mortgages in 2017, after cashing out their bitcoin to the tune of $100,000, she said. At the beginning of this year, they invested $300 in non-fungible tokens (NFTs), another type of digital asset. They sold about half the NFTs and made about $90,000 in cryptocurrency, she said.

Source: https://www.washingtonpost.com/national/locked-out-of-traditional-financial-industry-more-people-of-color-are-turning-to-cryptocurrency/2021/12/01/a21df3fa-37fe-11ec-9bc4-86107e7b0ab1_story.html