Ruben Galindo Steckel, cofounder and CEO of AirTM, describes how his companies enables everyday Venezuelans the ability to escape the hyperinflation in their currency, the bolívar, to save in U.S. dollar accounts. He also describes how the company creates its own exchange rate, and why that got them in trouble with the Venezuelan government. He also describes a campaign the company is waging, AirdropVenezuela, an attempt to raise $1 million in cryptocurrency to give to everyday Venezuelans for educational purposes and to use. He explains how Venezuelans can use crypto today and why they are raising money even in obscure coins.

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Episode Links:


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Airdrop Venezuela:

Planet Money episode on AirTM:

AirTM’s blog post about AirdropVenezuela: