Company
Date Published
Author
Circle Ventures
Word count
662
Language
English
Hacker News points
None

Summary

Airtm, a Circle Ventures portfolio company, is dedicated to developing financial infrastructure that supports the digital economy in developing countries, particularly by focusing on digital entrepreneurship. Founded by individuals with a background in blockchain technology, Airtm started as a crypto dollar wallet and OTC marketplace aimed at overcoming restrictive capital controls, but later shifted to support digital entrepreneurs, such as freelancers and content creators, by facilitating fast and low-cost cross-border payments. Airtm collaborates with major online platforms like YouTube and Fiverr to help digital workers access and convert earnings into their local currencies. Looking ahead, Airtm plans to enhance its retail wallet to be fully native on iOS and Android, introduce new product features, and achieve product parity with PayPal in its enterprise services. Despite regulatory challenges in the Web3 space, companies like Circle have facilitated Airtm's ability to navigate these hurdles, underscoring the founders' advice to remain persistent and patient in pursuing success.