Founded by two young entrepreneurs from New Mexico ages 24 and 29, AirTM is a service that relies on the Bitreserve API to make transfers from the "new money" in the cloud to the "old money" cash system.
The two founders wanted to resolve what they found to be a problem in today's unfair remittance system. One of them, Antonio Garcia, told the CoinTelegraph portal, "You are used to hearing about all the hell that Mexicans spend to get to the US and work very hard to send money home, doing hard jobs that Americans do not They want to do". And continued:
THE REASON OF BEING AIRTM
The duo had met many times through a common interest in Bitcoin, where they discussed the pros and cons of the digital coin accompanied by beers. AirTM's epiphany came to them, however, when they both enrolled as interns at Bitreserve.
"Bitreserve's message of inclusion, free and instant transactions, and real-time transparency really spoke to both of us," Garcia says. The founders cite Halsey Minor, the founder of Bitreserve and CNET, as their inspiration.
"Our mediation solves any problem. We are like Uber in the sense that we connect customers who want money in the cloud, with tellers who want to make money by helping customers make those transactions, "Garcia said.
The application does not reinvent the wheel with a complex and deep user interface. "There are only three buttons in our application: deposit, withdraw and send. The case of first use is the preservation of wealth. The second use is the making of cross-border payments and remittances. "
ARGENTINA AND VENEZUELA: FIRST OBJECTIVES
By accessing the AirTM website, the registration option is the only one available on the page. And although many countries can be selected as a place of origin for the user, the creators of AirTM want to focus on the remittances market in Latin America for this initial phase.
The service is still in alpha testing, but is scheduled to launch in Argentina in August. "Venezuela and Mexico will follow soon," Garcia said. "Then China and Europe. But we can not really say when. We want to look at one country and then move on to others. We do not want to try to drink the ocean. "
AIRTM AND ITS BUSINESS MODEL
AirTM is similar to the money transfer network Abra, but with a different twist. Open relies on a network of ATMs and customers on an equal footing, without the need for a bank, while AirTM joins customers with ATMs, who must have access to the old money system of the banks and the new money system of Bitreserve.
A customer makes a deposit by sending fiduciary money through bank transfer to a cashier. The cashier sends the customers money to the Bitreserve cloud, then the value the customer can link to the precious metal or coin of his choice.
In principle, with Bitreserve's real-time transparency, customers know that its value is secure because Bitreserve publishes a real-time solvency test. While countries like Greece could impose a restriction on the amount of money that the population can withdraw, fiduciary money that is safely stored in the cloud is easily accessible through AirTM simply by searching for a cashier willing to negotiate .
Withdrawals involve the reverse operation between the customer and the cashier. "Our focus on Trust and Bitreserve on membership and financial identity make transactions secure," says Garcia.
LAS VENTAJAS DE LA API DE BITRESERVE
AirTM no tiene ninguna necesidad de preocuparse por el cumplimiento de los protocolos AML o KYC, ya que el proceso de registro y verificación de Bitreserve maneja esa responsabilidad tediosa. Bitreserve, que cuenta con numerosos desarrolladores que ya utilizan su API, ayudó a que AirTM lograse ponerse en pie. “El equipo de Bitreserve ha sido muy servicial, conectándonos con los inversores, abogados, bancos, todo”, dice García.
Para utilizar AirTM, los usuarios necesitan una cuenta en Bitreserve, y para utilizar Bitreserve uno debe proporcionar identificación y otra información sobre las fuentes y usos de fondos. Ambos cajeros y clientes tendrán que ser plenamente identificados por Bitreserve con el fin de utilizar AirTM, lo que hace cualquier intento de mover dinero sucio bastante difícil.
Cuando se le preguntó acerca de Bitcoin como una opción de pago, García dijo que la moneda digital es una opción de pago directo con AirTM. El usuario final no ve o no necesita saber acerca de Bitcoin. En lugar de ello, los cajeros utilizan los carriles Bitcoin para mover valor en Bitreserve.
AirTM permite a los clientes mantener valor como moneda estable (USD, EUR, etc) en el sistema de dinero en la nube de Bitreserve. Los cajeros facilitan esos depósitos y retiros al adquirir inicialmente el dinero de la nube de Bitreserve. La única manera de hacer eso hoy en día es a través de Bitcoin. Por lo tanto, dicen los fundadores, “AirTM no es realmente una aplicación de Bitcoin, es una aplicación de Bitreserve”.
Here I leave the link for you to register on the page and you can make transactions:
https://www.airtm.io/ivt/QVQtMTQ4NjYwNDM0MjgyNzIyMjYyOS03OTA4JCRhbGVqYW5kcm8gbWFydGluZXokJDMkJGVz