Categories: CryptoNews

AirTM Taps Zcash for Improved Financial Freedom and Privacy

Some cryptocurrency enthusiasts are familiar with the company known as AirTM. Its goal is to bring financial services to the banked, unbanked, and underbanked populations alike. The service has been quite popular in Venezuela as well as other Latin American countries. To improve its offerings, the company has partnered with Zcash.

A Major Milestone for AirTM

Bringing financial services to those who need it the most is anything but easy. This is especially true in countries where high inflation, a lack of economic mobility, and trading embargoes are far too commonplace. This means most Latin American countries – among others – will suffer from a lack of financial inclusion, with little to no improvement in sight.

Addressing this problem is a business venture worth exploring, although it will require a very different mindset to do so successfully. AirTM is trying to make a meaningful impact in this regard, as it wants to provide greater financial freedom to developing countries. To do so, it is not just relying on legacy networks such as PayPal or Payza, but also cryptocurrencies. It makes for an intriguing mix of financial tools which will empower the end user first and foremost.

To make its offering even more competitive, AirTM now wants to focus on bringing more privacy to the table. To do so, it is partnering with the Zcash team. In the opinion of AirTM, Zcash makes it safer for people to send and receive money due to the currency’s confidentiality model. As such, users of this innovative service will be able to buy and sell Zcash through the company’s peer-to-peer network.

Related Post

With the common goal of promoting financial freedom for all living beings, this partnership seemingly makes a lot of sense. Especially those individuals living in harsh economic conditions can benefit from this particular development. Not only will it increase their access to financial services, but these users will benefit from additional privacy as well.

As AirTM mainly focuses on low-cost international money transfers, integrating cryptocurrency support makes a lot of sense. It is also normal to not use Bitcoin for this specific purpose, as it is a far more expensive option than virtually any altcoin on the market. Few currencies provide privacy, though, and it seems Zcash holds all the right cards in this regard. Then again, there are other currencies which take this concept one step further, but they are not as convenient to integrate and may entail higher transaction fees.

With this partnership, AirTM will enable Zcash balances in its e-wallet. The network is active across 115 countries, which means Zcash will benefit from a lot of international exposure moving forward. It is also possible to buy and sell Zcash using PayPal, Skrill, Neteller, Amazon, and elsewhere. It’s a very significant development for the company and the cryptocurrency; that much is evident.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Altcoins to Invest in Today: Qubetics Sets the Stage for Blockchain’s Future as Bitcoin Hits $108K and Litecoin Soars

The cryptocurrency world has always been a hotbed of innovation, attracting both seasoned investors and…

6 mins ago

Dogecoin Millionaire Predicts This Undervalued Altcoin Could Match DOGE’s 2021 Gains

Dogecoin's 2021 rally was a historic one, turning ordinary investors into overnight millionaires. This magnificent…

37 mins ago

Qubetics Presale Skyrockets to $7.5M as XRP and Arbitrum Lead Best Altcoins for Exponential Returns

The crypto market is always evolving, with big names like Bitcoin and Ethereum leading the…

1 hour ago

Over 300K Users Actively Mine Crypto On BlockDAG’s X1 Miner App While BNB Bulls Eye $3K; What’s XRP’s Price Target?

The crypto market is ablaze with excitement as altcoins like XRP and BNB make major…

2 hours ago

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

5 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

6 hours ago