Banking Unbanked Women with Cryptocurrency and Blockchain

According to the world bank, 1 billion adult women do not have bank accounts. That means that 1 billion women have been excluded from participating in online commerce. Thankfully in 2009, an engineer by the name of Satoshi Nakamoto created Bitcoin, an alternative, global digital currency, that is independent of traditional banks. 

The underlying blockchain technology that runs Bitcoin, has been used to create lots of other cryptocurrencies. Today, the second most commonly used cryptocurrency after Bitcoin is Ether (ETH)

The most powerful benefit of cryptocurrencies is that it enables everybody on Earth with a smartphone or personal computer, to have their very own blockchain-based digital “bank account”, which can be created in minutes by downloading a cryptocurrency wallet such as Metamask, onto your phone or by adding it as a browser extension.

To recap, a cryptocurrency wallet is a digital wallet that enables you to receive, store and spend cryptocurrencies. For the purpose of this article, we are going to focus on Ether and the Metamask wallet.

Below is a step-by-step guide on creating your free “blockchain bank account” and shopping with it on the Air Cosmetics Blockchain Store:

From an Android phone

  1. From an Android phone (Metamask will be available soon in the Apple iOS App store), download the Metamask application from the Google PlayStore, and if on a computer with Chrome, Firefox or Brave, go to https://metamask.io and install the Metamask wallet extension;
  2. From an Android phone, Open the app and click “Create Wallet” and once it’s created, you will see your new “Account number’ (always starts with a 0x….) under “Account 1”. Click on  “Account 1” to copy the your new account number and share it with people that want to send you ETH or Multicoins.  
  3. Once your account is created, the app will redirect you to the Metamask browser homepage;
  4. From the search bar, type www.mom.market and click “Get Started”;
  5. Click “Save” when prompted with your public ETH “account” number;
  6. Click “Sign” on the “Signature Request” to approve the connection;
  7. And you are connected to MOM, the Air Cosmetics blockchain store platform;
  8. Search for “Air Cosmetics”, select Africa lipstick, add it to cart and checkout.

From a computer with Chrome, Firefox or Brave browsers

  1. Go to https://metamask.io , Click “Download” and install the Metamask wallet extension;
  2. Click “get Started” and “Create a Wallet”
  3. Create your Password and Click ‘Create’. The next page will display your “Secret Backup Phrase”. These are 12 words that you should keep and never share with anyone. You will need them to restore your account.WARNING: Never disclose your backup phrase to anyone. Anyone with this phrase can restore your account with them and take all the cryptocurrencies associated with this account, forever.
  4. Once your wallet is created, you will see your new “Account number’ (always starts with a 0x….) under “Account 1”. (Hint: Click on  “Account 1” to copy the your new account number and share it with people that want to send you ETH or Multicoins).  
  5. From your browser search bar, type www.mom.market and click “Get Started”;
  6. Click “Save” when prompted with your public ETH “account” number;
  7. Click “Sign” on the “Signature Request” to approve the connection;
  8. And you are connected to MOM, the Air Cosmetics blockchain store platform;
  9. Search for “Air Cosmetics”, select Africa lipstick, add it to cart and checkout.

You will need Multicoins (MTCN) to pay for your purchases and some Ether (ETH) to pay for transaction fees on the Air Cosmetics Blockchain Store.

You can buy ETH from crypto exchanges such as www.binance.com www.biki.cc www.coinbene.com etc. or have someone send you some. Once you have some ETH and MTCN, you can start shopping on the Air Cosmetics store.

As part of the Air Women Foundation empowerment program, Air Cosmetics Paris is helping 1000 unbanked women to setup their free crypto wallet accounts and give them 1000 Multicoins each. Need an account or know someone that needs one? Contact unbanked@air.maison

Note: You will need to enable Metamask to always automatically display your Multicoin token balance. To Add Multicoin;

  1. Click on Add Token within Metamask
  2. Click on ‘Customer Token’
  3. Enter the contract address : 0xf6117cc92d7247f605f11d4c942f0feda3399cb5 
  4. Enter Token symbol: MTCN 
  5. Decimals of Precision: 18
  6. Click Next and then Click “Add Tokens’ and that’s it. 
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