Description

My guest today is Cindy Zimmerman, Computer Scientist and Crypto-currency ATM owner/operator.

In today’s show, we discuss:

How attending a meetup provided her with an opportunity to move and work in Panama
How she turned a hobby of owning a Bitcoin ATM into a serious passive income stream
Why Cindy is the first in the world to integrate the up-n-coming digital currency “Dash”
How Bitcoin helps the very poor families of Venezuela protect their savings and afford to live

Cindy’s Background

While working for a Bitcoin company in Panama, Cindy encountered a problem. She, and all of her friends, were receiving their salaries in the crypto-currency Bitcoin, but the rest of the Panamanian economy ran on US Dollars. A currency is only good if you can spend it, and Cindy was constantly short on USD bills.

Coming from an entrepreneurial family, she decided to purchase what’s known as a Bitcoin ATM. It’s very similar to the cash-based ATMs that you are accustomed to, but instead of swiping your debit card, you send it bitcoins from your phone. Remember, bitcoin does not require the banking system and as President Obama said “[with Bitcoin] everyone essentially has a Swiss bank account in their pocket”. I should mention that Bitcoin ATMs work both ways, you can buy bitcoins with cash or you can buy cash with bitcoins.

What was first a hobby project, so that Cindy and her colleagues could have access to USD liquidity, quickly turned into an opportunity to help expats send money home. In Panama many expats are from Venezuela, who relocate to work and earn a USD salary (instead of their worthless, inflated domestic currency i.e. Pesos, Bolivars, etc)…but there’s another problem…

Many banks won’t open accounts for Venezuelans because they are considered too high-risk. Even if they do get an account, the “official” exchange rate from Bolivars to USD is not even close to the actual, Free-market value. They pretty much get screwed either way.
Enter Bitcoin

Since Bitcoin doesn’t require 3rd party approval from a bank, these Venezuelan expats can convert their USD cash (which was earned while working in Panama) into Bitcoin and send the Bitcoin back home to their family using the blockchain. It’s true that Bitcoin is still not widely used, but it sure beats converting directly into Bolivars and losing 90% of the purchasing power. $100 quickly turns into $10 worth of value when wired home. That’s not freedom!

Enter Dash (an alternative crypto-currency)

Later in the interview, Cindy explains why her ATMs now support another crypto-currency “Dash” in addition to Bitcoin. Dash, in her (and my) opinion has some MAJOR advancements over Bitcoin which may find more demand as digital currencies become more of an essential part of the global economy. Cindy’s ATMs are the first in the world to support the Dash digital currency and you’ll definitely want to catch why she made the switch.

The Freedom of Money is an essential element towards total, personal freedom and Bitcoin helps achieve this like no currency has done before. I really hope you enjoy this episode and let me know by liking, commenting and sharing. Entrepreneurs cannot work alone and when you SHARE an episode it really helps.

Until next time….KEEP BUILDING FREEDOM!

-Ashe

Contact Cindy:
Email: [email protected]

Dash tip address: XkR5G5pM48agAHRTErkfsJtqoFREkGSaSQ
Bitcoin tip address: 1KraNMPw7QMaaLmHsiMj57QKq9GHvZLKgh

See More See Less

Subscribe

Leave us a review, comment or subscribe!

Meet the hosts

Ashe Whitener is the founder and host of the Liberty Entrepreneurs Podcast which aims to provide an alternative perspective to achieving individual freedom through the creative, entrepreneurial process rather than through the tried and failed process of politics. Ashe has two BS degrees in Engineering and is also an original member of Peter Schiff’s Euro Pacific Bank where he is currently the Head of Business Development. Much of Ashe’s experience has come during his time living in Panama and he continues to consult global teams on various projects including tech startups and offshore asset protection.

discussions

  • Has anybody heard of Ethereum? Is it on your radar?   https://www.ethereum.org   Ethereum is propagated as Crypto-Currency 2.0 – what do you think?

    Jump to Discussion Post 5 replies
  • Hi everyone, I am only 19 years old and just started studying computer science in Germany, but despit my young age im thinking about where I want to move to in my life because I really can’t imagine spending my whole life in Germany. One point is obviusly that nearly everbody is like: “The Goverment needs to ….”, but also for personal preferences, like landscape and population density. So i allready spent a whole lot of time reading wikipedia articels, blogs from people who made a move, or other sides, mostly about Canada, Australia, New Zealand and the USA. Why these four? First, I like size of the nation relative to population size. Second, quiet free economies, USA and Canada lacking a bit behind but still. Third, more personal freedom (at least than in Germany). Fourth I like the english language and I allready speak it. Fithly their is a good chance I can find a work in computer science industry or become an Entrepreneur. So my questions, does some members here have experience with these countries and how life is there and of course how is it with Liberty? (To be honest I’m very sceptical of the US because the government is like real big, but still their also many advantages). And second question are their maybe other nations I missed, which would do quit good with the criterias mentioned (except english speaking people). Im greatfull for every answear and thoughts.

    Jump to Discussion Post 44 replies
  • I am considering buying some Darkcoin, though I am not as familiar with alternative currencies as it seems the average Liberty.me member is. Are there exchanges that y’all would recommend as trustworthy, convenient, etc?

    Jump to Discussion Post 5 replies
  • Hello everyone,   What do you think about this? https://www.decentralhost.in/ It seems to  private web hosting service that is accepting bitcoin. They have a pretty good video explaining how it works.

    Jump to Discussion Post 3 replies
  • Here’s a rather heavy debate topic: assassination markets for politicians.  Read the article from Forbes about it. Are they justified?  I would tend to say that they are and that an ethical objection to them might be a demonstration of Stockholm Syndrome.  That said, I do not believe that they are a preferable way of advancing our cause and I generally advocate for peaceful methods.

    Jump to Discussion Post 23 replies