Stellar Development Foundation (SDF), the nonprofit organization responsible for the blockchain’s development, has invested $15 million in the Mexican cryptocurrency marketplace Airtm through its venture capital arm.<\/p>\n
According to the press release, Airtm<\/a> will use the funds raised to develop its own technology platform. The investment also calls for integration with Stellar in 2022<\/a>.<\/p>\n SDF noted that this is the biggest deal for its venture capital wing. The fund made five strategic investments totaling $24.5 million in 2021. Since launching in fiscal 2020, Enterprise Fund has invested $33.76 million in fintech and blockchain companies.<\/p>\n Airtm is the operator of a P2P cryptocurrency trading platform and a digital wallet that allows users to connect bank accounts. The company is also the issuer of the U.S. dollar-linked stablecoin AirUSD.<\/p>\n According to SDF, 165,000 consumers and businesses used Airtm’s services in 2021, and its platform processed more than 2.5 million transactions worth more than $200 million.<\/p>\n In August 2020, Venezuelan authorities restricted access to Airtm. The opposition planned to distribute through the exchange $18 million seized from incumbent President Nicolas Maduro to healthcare workers.<\/p>\n","protected":false},"excerpt":{"rendered":" Stellar Development Foundation (SDF), the nonprofit organization responsible for the blockchain’s development, has invested $15 million in the Mexican cryptocurrency marketplace Airtm through its venture capital …<\/a><\/p>\n<\/div>","protected":false},"author":9,"featured_media":334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-330","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stellar-news"},"_links":{"self":[{"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/posts\/330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/comments?post=330"}],"version-history":[{"count":3,"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/posts\/330\/revisions"}],"predecessor-version":[{"id":462,"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/posts\/330\/revisions\/462"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/media\/334"}],"wp:attachment":[{"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/media?parent=330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/categories?post=330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monkeycoder.work\/XLM\/wp-json\/wp\/v2\/tags?post=330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}