#9 Valiu Founder Simon Chamorro on using Cryptodollars for cross-border transfers and savings in Latin America

Cryptotesters

In this episode Simon Chamorro, founder of Valiu, talks about how his young startup tries to help the 1.7 million Venezuelan migrants and refugees living in Colombia send money back to their relatives in Venezuela.

Unfortunately, no international remittance company allows to send money into Venezuela. So Valiu uses Bitcoin to create a platform where users can transfer Colombian Pesos to Venezuelan Bolivares in less than an hour. Valiu also allows their users to hold synthetic cryptodollars that are backed by bitcoin in their Account, to protect themselves from inflation.