Airtm is an online financial platform that enables users to hold, exchange, and transfer money across various currencies and payment systems, often used as a bridge for accessing digital and fiat currencies. It allows users to bypass local restrictions on currency exchange or access services like PayPal, cryptocurrencies, or other international payment methods, which may be difficult to use directly due to local regulations or availability.
Airtm is popular in regions where financial access is limited or where there are currency restrictions (such as in Venezuela). Users can deposit money into their Airtm account using local bank transfers, digital wallets, or cryptocurrencies, and then convert or transfer it to other users, systems, or currencies.
Key features of Airtm include:
1. **Currency Exchange**: Users can convert between local currencies, dollars, and cryptocurrencies.
2. **Peer-to-Peer Transfers**: Transfers are done through a network of individual agents (peers) who facilitate transactions.
3. **Access to Global Financial Networks**: Airtm allows users to make payments and transfers using systems that might not be available locally.
4. **Digital Dollar Accounts**: Airtm provides a way to hold USD in a stable, digital form.
It is commonly used for remittances, protecting savings from inflation, and for digital payments across
borders.