Hill Harper Launches the First Black-Owned Digital Wallet App in North America
Actor and best-selling author Hill Harper recently announced the launch of The Black Wall Street, a Black-owned digital wallet application; the first in North America.
The release of this app is Harper's attempt toward moving the country closer to closing the racial wealth gap in the United States.
"With the Black Wall Street technology, we seek to make obsolete payday lenders and other financial predators plaguing our communities, while simultaneously creating cross generational wealth transfer, for people who have historically been taught to work for our wages instead of making our wages work for us," Harper said.
“Our technology seeks to replicate the brick and mortar Black Wall Street, as a digital ecosystem that will galvanize the financially excluded and directly stimulate the economic growth and spending in marginalized communities everywhere.”
For The Black Wall Street, Harper is partnering with Najah Roberts, a world-leading cryptocurrency exchange expert.
"To address an ecosystem of problems, a tech-based ecosystem of solutions is required. We are - and always have been - our own empowerment ecosystem," Roberts said. "We're now creating the digitized and scalable version of the original Black Wall Street. This has always been for us and by us - it's time to reclaim that space. Just like anything it starts with education. Our measurement of impact is improved financial literacy in the Black & Latinx communities."
Harper is launching the app in conjunction with the centennial of the 1921 Tulsa Race Massacre, which took place on Greenwood Avenue in Tulsa, Oklahoma, also known as Black Wall Street.
His launch will take the form of a 30-market financial literacy campaign and bus tour beginning in Los Angeles, California and culminating on Greenwood Avenue in Tulsa, Oklahoma, the evening of May 31st, 2021 through June 1st during the very hours, 100 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 Black Wall Street app goes live on June 1 and will offer a digital wallet for peer-to-peer payment and the ability to trade cryptocurrencies like bitcoin and ether.