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BREAKDOWN: The Battle to Get Dictator’s Seized Millions to 62,000 Venezuelan Health Heroes

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CoinDesk

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4.8689 Ratings

🗓️ 26 August 2020

⏱️ 38 minutes

🧾️ Download transcript

Summary

How crypto-powered Airtm is teaming with Venezuela’s opposition government to distribute $18 million in funds the U.S. seized from the Maduro dictatorship, featuring Airtm CEO Ruben Galindo.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today on the Brief 

  • The SEC changes accredited investor rules 
  • Fintech and crypto investor Ribbit Capital starts $350 million SPAC
  • Previewing Federal Reserve Chair Jerome Powell’s Jackson Hole speech


Our main conversation is with Ruben Galindo, CEO and co-founder of Airtm.

Airtm is a global dollar account that lets users anywhere access U.S. dollars, powered by cryptocurrency infrastructure and a P2P network. 

The company is currently working with Juan Guaido’s opposition government in Venezeula to attempt to distribute $18 million in funds the U.S. seized from the Maduro dictatorship. 

In this conversation, he and NLW discuss:

  • How Airtm works outside of the traditional banking system
  • Why people around the world are hungry for access to dollars 
  • What the Health Heroes campaign is trying to achieve 
  • How Guaido and Airtm are trying to work around the Maduro government’s attempt to suppress them


Find our guest online:

Website: airtm.com

Twitter: @theairtm

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

different things that are important about what we're doing, that make RTM and the crypto community

0:05.3

shine. For one, we're helping healthcare workers get the resources they need to fight this

0:12.2

pandemic, which they should have in the first place. And second, we're helping President Guaido

0:18.2

legitimize himself in the eyes of his country because for the very

0:22.4

first time he's able to help them as he should be able, accept his government, lives in

0:27.6

exile. And so it's very difficult for them to assist in any type of way. And third, why it's

0:33.8

important for the crypto community. And even though AirTM is not necessarily a hundred percent pure crypto company,

0:40.2

is that we're showing that countries or regimes, monetary regimes,

0:46.9

with agendas that might not necessarily be in the best interests of its people,

0:52.5

now no longer have control of what people decide to hold their

0:57.0

harder money in. Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro,

1:05.7

Bitcoin, and the big picture power shifts remaking our world. The breakdown is sponsored by crypto.com, bitstamp, and nexo.io, and produced and distributed by

1:15.8

CoinDes.

1:18.6

What's going on, guys?

1:20.1

It is Wednesday, August 26th, and today we have a really important conversation about a battle to get $18 million of money

1:32.1

seized from the Maduro dictatorship in Venezuela to 62,000 healthcare workers in that country,

1:39.6

and how it involves a crypto-based platform that helps people access dollars wherever they are in the world.

1:48.5

First up, however, let's do the brief.

1:51.3

First on the brief today, we have some new accredited investor rules.

1:56.2

For those who aren't familiar, accredited investor rules are rules that determine who can invest in early

2:01.6

stage startups. Historically, those rules have been based on measures of wealth, so having a

2:07.1

salary of above $250,000 for the previous two years, or having more than a million dollars in

...

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