MakerDAO and Airtm Partner to Empower Financial Stability in South America

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MakerDAO has joined forces with Airtm, a Mexico City-based currency platform that helps people all over the world access dollars and protect their savings from devaluation. This partnership includes Dai as an Airtm in-wallet balance with direct on/off boarding transfers, allowing Airtm users to take charge of their financial futures. They can send and receive funds fast and inexpensively, regardless of location or currency type.

We know the role cryptocurrencies play in global financial innovation, not only in terms of ease of transfer of value, but also in terms of monetary empowerment. Many South Americans for example, are deeply impacted by economies plagued by hyperinflation and political oppression. Decentralized, censorship-resistant cryptocurrencies, such as Dai, transcend borders and regimes, eliminating many of the obstacles that prevent people from being able to pay their rent or feed their families.

Nowhere is the combined power of Dai and Airtm more useful today than in Venezuela, a country facing severe economic and humanitarian crises. According to Steven Henke, professor of applied economics at Johns Hopkins University.

Through Airdrop Venezuela, an initiative led by Hanke that distributes donations in Dai and other cryptocurrencies through the Airtm platform, Venezuelans in need are getting help. The initiative’s mission is to send $1,000,000 in crypto to 100,000 Venezuelans in $10 micro transfers directly to their Airtm wallets. As part of the partnership, MakerDAO is contributing 10,000 Dai to Airtm’s campaign.

Source: Blockchain Wire