AirTM has been selected to distribute $18M to 62,000 healthcare specialists in Venezuela.
The capitals that are associated with Venezuelan President Nicolas Maduro were seized by the US authorities. Venezuelan users have long formed a significant percentage of AirTM's customer base. The platform is supported by the American cryptocurrency exchange Coinbase.
Opposition leader Juan Guaido backed AirTM and offered a plan to distribute "censorship-resistant digital dollars" to the country's healthcare workers.
Alborg noted that the government immediately blocked Venezuelan users from reaching the AirTM platform following reports of the distribution of funds. In response, local activists have created a series of guides on how to get around site blocking.
“The average user of AirTM is not the 1% in the West testing new smart contract protocols on Ethereum; is a middle-class and lower-class worker in Venezuela endeavoring to transfer his savings, ten dollars at a time,” added Alborg.