Killer Mike has launched his own digital banking platform for Black and latinx people.
Greenwood is the creation of the Run The Jewels rapper alongside former mayor of Atlanta, Andrew J. Young, and Bounce TV network boss Ryan Glover.
“Today, a dollar circulates for 20 days in the white community but only six hours in the Black community,” Mike said of the new venture in a press release. “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.”
Glover added: “It’s no secret that traditional banks have failed the Black and Latinx community. 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.” Read more in NME.com