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Sunday, November 29, 2020

U.S. government uses USDC stablecoin to bypass Nicolas Maduro and give funds directly to Venezuelan medical workers (Using Venezuelan funds)

Besides the news I will post.

I know someone close, the process worked like this,

If you are a medical worked and wanted to receive the funds you had to do the following:

  • Register in a webpage (As most of the medical workers work in public places administred by Maduro, Maduro's goverment tried several times with phishing, intercept the register to have the database and know the workers that registered to press them). Around 65k workers registered.

  • They cross check the data, to make sure everything was legit.

  • Wait.

  • You would get an email so you register at www.airtm.com (just after that website was blocked by Maduro, you had to use a VPN).

  • Wait.

  • Weeks later you would get an email, with the confirmation of the first part of the funds. It is 100 USD monthly for three months to any medical worker (medic, nurses and so on). To put things in context, one medic that fights COVID with maybe 10 years of exprience has a monthly wage of MAYBE 50 USD.

  • You got the funds in AIRUSD (AirTM stable coin, 1 AIRUSD = 1 USD). After that you can do whatever you can. Keep them there, buy cryptos, cash out (sadly, considering the situation, ALMOST all of them cashed out to Bs. to spend in the supermarket). You can do all of that in AirTM.

All of this against Maduro will, but he wasn't able of blocking it.

Remember, this is a goverment that is against anyone that want to help.

I'm a Venezuelan living here, crypto entusiast, you can AMA.

Sources:

https://www.coindesk.com/circle-usdc-venezuela-airtm

https://www.nytimes.com/2020/11/26/world/asia/venezuela-charity-raid.html



Submitted November 29, 2020 at 07:19AM by WorkingLime https://ift.tt/2VlwJ5P https://ift.tt/2Z7cX2s

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