Brian Armstrong @brian_armstrong Co-founder & CEO at @Coinbase Co-founder @GiveCrypto Building an open financial system for the world. Join us: coinbase.com/careers Mar. 30, 2019 1 min read

Some footage here of our early experiments sending crypto to Venezuela. A long ways to go still, but starting to gather some data. Thank you to everyone who donated to make it possible.

Getting a store set up that accepts crypto in close proximity to recipients seems to help. Also, we had to build a new version of @CoinbaseWallet that runs on Android 4.x since 75%+ of recipients in Venezuela are still running this version of Android from 2012.

The intermittent power outages we did not anticipate. Crypto still needs internet and electricity to function, although there are some potential relay type solutions in low connectivity environments that we could try in the future.

We need to find a scalable way to get evidence of impact, and try to measure fraud. @joewaltman and team have gotten some good advice from the awesome folks at @GiveWell

Would like to be very data driven and not assume anything about impact j til we see evidence. Still very much an experiment. Follow @givecrypto for more updates. 🙏


You can follow @brian_armstrong.



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