Invests $15M in AirTM to Boost Financial Access in Latin America
summary
The Stellar Foundation commits $15M investment into AirTM wallet, a Mexico-based peer-to-peer exchange that connects local wallets and anchors to the Stellar network to provide on/off ramps, stablecoin access and banking for underbanked users. Latin America currently handles only 5% of global cross-border volume while Mexico still uses cash for ~91% of transactions, so the plan is to scale AirTM globally, reduce compliance costs via anchor partners, and convert AirTM into a regulated crypto company.
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chapters (6)
- 0:00Investment in AirTM
- 1:25Blockchain interoperability
- 2:33Stellar investment criteria
- 3:40Working with local partners
- 5:29Financial inclusion use cases
- 6:37Scaling and future outlook
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