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Hill Harper launches The Black Wall Street app aimed to empower investors of color

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Actor, Hill Harper, and Najah Roberts came together to launch The Black Wall Street app. The fintech app is the first black-owned digital wallet and Bitcoin exchange platform in the United States and intended to empower investors of color and will go live on June 1st. 

The app offers a digital wallet for peer-to-peer payment including the ability to trade cryptocurrencies.

Harper announced his partnership with The Black Wall Street April 8th. He outlined the entity’s mission and goals of creating a groundbreaking Fintech app for the Black, Brown, and Latinx communities.

The goal of the app is to give Black and Latinx investors a gateway into the digital transformation of investing and provide education on crypto and to close the racial wealth gap in the United States.

Harper is a Harvard Law School graduate where he began working with Black web developers last year. He aims to capitalize on mobile device trends in communities of color.

Harper said he’s hoping to attract “unbanked” consumers and more sophisticated investors looking for a Black-owned site for cryptocurrency purchasing. “It’s not just about transferring money to folks, it’s about transferring information, ideas, and building community, and we see that that is the real value and the real differentiator.”

The Black Wall Street offering enters a growing industry of fintech apps that allow peer-to-peer transfers including Square’s Cash App from PayPal’s Venmo. Rapper Killer Mike also launched this year the Greenwood app, another digital platform for investors of color.

On The Black Wall Street app, Harper said, “We have to encourage Black ownership and that’s what we want to do on the platform. We’re starting with a digital wallet and the ability to start to learn financial literacy, create a community, and allow people to invest.”

“But the ultimate goal is to create a whole ecosystem, and eventually a marketplace where the recirculation, the circulation of dollars through this digital wallet, allows job creation, business creation and job growth,” he said.

In May, The Black Wall Street will embark on a monumental journey with a 30-market financial literacy campaign and bus tour beginning in Los Angeles, California and culminating on Greenwood Avenue in Tulsa, Oklahoma, where Black Wall Street began. One hundred years ago when the mass destruction took place of what is still considered, the most successful Black economic community in the history of the United States. 

The tour will visit thirty of the most disenfranchised communities in the US introducing financial literacy and cryptocurrency to individuals in these communities and gifting millions of Satoshis (fractile shares of Bitcoin). The Black Wall Street Bus Tour is the first of its kind, focusing on Bitcoin education and adoption within Black and Brown Communities.

Harper plans to continue to educate people of color on stopping their dollars from leaving the communities at rapid rates.