Poverty is a major issue in today’s world, and one of the biggest contributors to poverty around in the world is the lack of access to banks for financial services. Well, Victor Santos and his company, AirFox are here to help solve that problem. Santos is a UC Berkley grad and Ex-Googler who takes pride in his Brazilian roots and wanted to help solve the lack of banking problem in the country closest to his heart. Santos achieved that goal by developing one of the first ever cyrptocurrencies. AirFox is a blockchain cryptocurrency that is derived from Etherium, but is handed out through advertisements and microloans. AirFox tokens, known as AIR, are also handed out by just having and using the app. The app allows those that need financial service help but cannot get it from a bank, for any number of various reasons, to receive help from anyone, so long as they pay back their loans. Users also get the benefits of unlocking bigger loans at better rates so long as they keep repaying those who help them. AirFox has numerous financial partners in Brazil and beyond and is single handedly turning the tides in the fight against poverty throughout the country.
If you would have asked me 5 years ago that cryptocurrency would ever become a big thing, I would have laughed in your face. It is amazing to see solo entrepreneurs creating ridiculously cool businesses from scratch.