Stellar Development Foundation invests $15 million in Airtm, a Mexican digital wallet and P2P exchange platform serving Latin America. The funds will support Airtm's integration with Stellar to enable faster, cheaper, and safer payment services across emerging markets.
The Stellar Development Foundation announced a $15 million investment in Airtm, a blockchain-based digital wallet and peer-to-peer exchange platform operating in Latin America and emerging markets. Airtm provides globally connected dollar accounts to consumers and businesses, addressing the region's cash-heavy economy where 91 percent of Mexican transactions were cash-based in 2020. The investment will fund Airtm's integration with the Stellar network over the next year, enabling more seamless, cost-effective, and secure payment services. Airtm CEO Ruben Galindo Steckel emphasized the platform's mission to provide stable money that transfers instantly with no fees and can be withdrawn as local currency. The article also mentions Coinbase's launch of Coinbase Prime, a prime brokerage solution with custody, trading, and analytics services.
