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Sonar Aims to Help Solve Gender Inequality of Access in Crypto
Marsaskala, Malta–(Newsfile Corp. – December 23, 2021) – Sonar aims to help solve gender inequality of access in crypto. According to the CNBC Invest in You: Next Gen Investor poll, males currently invest twice as much in cryptocurrencies as women (16 % of men vs. 7% of women). Access to information may have become a privilege that can cause a disproportionate distribution of wealth across genders. Additionally, cryptocurrency and its younger Decentralized Finance counterpart have their own barriers against access.
Sonar
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For example, the steep learning curve requires access to a number of tools and exceptional levels of information to navigate. Furthermore, cryptocurrency might be a revolutionary financial disruptor, but still suffers from a problem that has its roots spread over many centuries: a patriarchal hierarchy that features an insufficient number of women. It has been argued that women lack investment confidence, but in reality their portfolios continue to surpass those of men by 40 basis points. Alternatively it is suggested they trade less because of their inherent risk aversion, however, this biological determinism is not supported by actual research.
Women are instead believed to make fewer transactions because they are less prone to overstate their knowledge and skills to win in the market. The true barrier of access therefore is that of exclusionary and discriminatory behaviour by those within the space. Many women have reported to have been treated with a combination of objectification or dismissiveness on the social platforms that support decentralised finance, which made them feel unwilling to attempt to learn more, or the same groups were more willing to educate men about cryptocurrency trading than women.
Women’s Participation in Cryptocurrency is Increasing
Despite these barriers of access, women are slowly increasing their presence in the industry, shown by the fact that female cryptocurrency investors in the United Kingdom have increased by 20% in the last year. As this rate continues to increase, there are additional ways that the space could address gender access and help to balance the scales.
In addition, many cryptocurrency projects champion women in the space, and one, in particular, uses its own system to break down this barrier by the help of education. Sonar.
Sonar is a Decentralized Finance project committed to remove barriers to access cryptocurrency. Its beta platform is due for release in the coming week, and includes an AI news aggregater that will bring information to users directly. Sonar is well known for the numerous tools that make it far easier to enter and navigate the DeFi space.
Lauded for its next-generation cryptocurrency meta-tracking dashboard, Sonar allows individuals to use analytical tools in order to make more informed choices when investing. Created in response to the increasing number of illegitimate projects appearing in the cryptocurrency space, Sonar views its three core values – Transparency, Technology, and Education.
Giving powerful trading tools to the average user on a combined ecosystem, empowers them to make wiser decisions in a simpler and more streamlined way.
Focus on Increase Adoption of the Crypto Space
Sonar also features a perpetually expanding library of educational materials that seeks to provide users with invaluable information about blockchain technology and decentralized finance.
The project aims to increase the adoption of cryptocurrency in economically and geographically disadvantaged spaces, especially catering to the women of those areas and in general. At present, Sonar itself has many females in key positions, which includes the education department, strategy team, and legal counsel.
About Sonar
The Sonar platform is an intelligent tracking and monitoring platform for projects based on BSC and ETH networks. At the center of the dynamic ecosystem, its beta version will define the project’s potential and future growth. Once the beta is launched, it will rapidly add more new intuitive features to enhance the user experience and ease of crypto interaction. Sonar is also aiming to help female crypto enthusiasts receive authentic information before investing, and champions their involvement in the space.
Media Contact
Jacob Camilleri
Email – [email protected]
Website – https://www.sonarplatform.io/
PR – Cryptoshib.com
Email – [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108452
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SUNRATE named one of the top 100 cross-border payment companies for 2024 by FXC Intelligence
SINGAPORE, April 26, 2024 /PRNewswire/ — SUNRATE, an intelligent global payment and treasury management platform has been named one of the Top 100 Cross-Border Payment Companies for 2024 by FXC Intelligence, which recognises and celebrates the most important players in the cross-border payments industry.
SUNRATE has been recognised for its capabilities in providing global payment products and services for businesses worldwide, including international payments, global collection, commercial card issuance and treasury management.
Businesses can make payments to more than 190 countries and regions, transact in 130+ currencies and settle card spends in more than 15 currencies. They also enjoy global collection services available in over 30 currencies and collect funds in over 10 major global currencies, as if they were local payments. As part of SUNRATE’s global vision to drive B2B digitalisation, it also offers effective treasury management tools such as TreasuryOS and RiskOS, to enable businesses to manage and oversee their financial assets, liabilities, and liquidity.
Daniel Webber, CEO and Founder of FXC Intelligence said, “SUNRATE’s debut in the Cross-Border Payments 100 underscores its growing importance both in its home market and in the wider region and beyond. The company’s strong growth and innovation focus were key to FXC Intelligence’s decision to include them on the Top 100 this year.”
Paul Meng, Co-Founder and CEO at SUNRATE said, “We’re excited to be recognised by FXC Intelligence as one of the top 100 cross-border payment companies. At SUNRATE, we’re on a mission to be the leading global cross-border B2B payment platform in emerging markets, and this recognition is testament to our team’s hard work in pursuit of this mission.”
About SUNRATE
SUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE is recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.
With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays and J.P. Morgan. To learn more about SUNRATE, visit https://www.sunrate.com/
About FXC Intelligence
- FXC Intelligence is the industry leader in cross-border payments data and intelligence.
- The world’s biggest banks, payments and big tech companies use our critical data to make vital decisions that shape their day-to-day operations, product development and strategy.
- Our data is also used by a number of international bodies, including the World Bank and the Financial Stability Board, to provide the most important indices in the sector.
- We track pricing, market size and product changes as they happen and update our dataset at high frequency, giving our clients the competitive edge they need to stay on top in a rapidly changing market.
- Our platform, which is built on top of our data, offers solutions such as a price engine and sales enablement tool to drive our clients’ growth and profit.
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