Venezuela has blocked the main opposition from distributing $18 million worth of cash previously seized by the U.S. from the Nicolas Maduro government. The money is being dished out via peer-to-peer (P2P) crypto exchange Airtm to 62,000 healthcare workers starting Monday.
However, it is not yet clear whether the money at the center of the dispute will be disbursed in cash or bitcoin (BTC). Workers will reportedly be paid $300 each over three months in equal installments.
The U.S selected the Juan Guaido-led opposition party to facilitate the distribution. Guaido is recognized by several countries as Venezuela’s legitimate president due to his position as speaker of parliament. In a recent press announcement, Guaido acknowledged Airtm’s ongoing efforts to make the money available to the intended beneficiaries.
Matt Ahlborg, the creator of crypto analytics firm Useful Tulips, reported on Guaido’s plans to airdrop censorship-resistant digital dollars to the workers through Airtm in a thread on Twitter.
Airtm operates a P2P exchange…