\”It\’s no secret that traditional banks have failed the Black and Latinx community,\” said Ryan Glover, who is also the founder of Bounce TV. \”We needed to create a new financial platform that understands our history and our needs going forward, a banking platform built by us and for us, a platform that helps us build a stronger future for our communities. This is our time to take back control of our lives and our financial future. That is why we launched Greenwood, modern banking for the culture.\”
\”Today, a dollar circulates for 20 days in the white community but only six hours in the Black community,\” said Michael \’Killer Mike\’ Render. \”Moreover, a Black person is twice as likely as a white person to be denied a mortgage. This lack of fairness in the financial system is why we created Greenwood.\”
\”The work that we did in the civil rights movement wasn\’t just about being able to sit at the counter. It was also about being able to own the restaurant,\” said Ambassador Andrew Young. \”We have the skills, talent and energy to compete anywhere in the world, but to grow the economy, it has to be based on the spirit of the universe and not the greed of the universe. Killer Mike, Ryan and I are launching Greenwood to continue this work of empowering black and brown people to have economic opportunity.\”
The Greenwood name pays homage to the prosperous \”Black Wall Street,\” part of the Greenwood District of Tulsa, Oklahoma, during the early 20th Century — a center of African American enterprise, entertainment, skills, wealth and investment capital.
Source:blackbusiness.com
