Altcoins News

Story: Look Who Got the Largest of Stellar Development Foundation Enterprise Fund 2021 XLM Rocking

By Steven Anderson

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SDF invests $15M in Theairtm, which is a digital wallet and peer-to-peer exchange platform for Latin America. 

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The airtm, is the digital wallet and peer-to-peer exchange platform for Latin America. Airtm is integrating with Stellar to make transactions more efficient and cost-effective…

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Thus, XLM is bringing about a digital transformation in Latin America, thus supporting the expansion of Airtm's blockchain-based payments platform for multi-currency transactions.

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This investment is SDF’s largest Enterprise Fund investment to date. This is the fund’s fifth strategic investment made in the 2021 fiscal year.

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This investment will make it possible for Airtm to advance the development of their robust platform by integrating their platform with Stellar in the coming year.

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Thus, this integration will help leveraging the most powerful features of the Stellar Network to make transactions more efficient, secure, and cost-effective.

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Ruben Galindo Steckel, CEO of Airtm, expressed, “Airtm exists because financial systems throughout the developing world are not aligned with their people's needs and global…

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Latin America to date continues to be a cash-based economy, because of the fragmented banking system.

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It is interesting to see that Latin America is digitizing fast.  There are 13 million Visa cardholders in the region who made their first-ever online transaction in 2020,…

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For clarity, according to the Stellar Blog, SDF’s Enterprise Fund is a venture-style fund for growing the Stellar open-source network globally.

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