Web3 technologies enable women creators to receive instant global payments through smart contracts, addressing issues like high fees and delays in emerging markets.
Women creators are adopting Web3 payment rails to reclaim ownership of their earnings, as highlighted in an opinion piece by Ashna Vaghela and Vi Powils on CoinTelegraph.
Traditional financial systems have long posed challenges for women, particularly those in emerging markets, where banks view non-standard income as high-risk and impose delays and fees on cross-border payments.
Key Barriers in Legacy Finance
Venture capital funding for female-founded companies remains low, with only 2.3% allocated in 2024, according to the authors, exacerbating inequalities for women building global brands.
Online platforms often take up to 50% of creators' earnings, leaving women with limited control and the risk of sudden account restrictions.
Web3 infrastructure, including smart contracts, allows for instant global payments without intermediaries, enabling creators to split revenue directly at the point of sale and enforce royalties automatically.
For women in regions with volatile currencies, stablecoins provide a way to preserve earnings' value, reducing dependence on biased banking systems.
This shift toward programmable revenue and onchain royalties empowers creators to benefit from long-term work value, fostering a more inclusive economic model as described by the authors.
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