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23 September 2019

Cubans Are Turning to Bitcoin to Access Global Economy: Report

Cubans Are Turning to Bitcoin to Access Global Economy: Report


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News claims that with the recent advent of mobile internet in the country, Cubans are increasingly buying cryptocurrencies to make online purchases, as well as to invest and trade.

News, local resident Jason Sanchez, 35, said that cryptocurrencies were “opening new doors” for Cubans. .

Alex Sobrino, 33, — the founder of Telegram channel CubaCripto — estimated that roughly 1,000 Cubans were using cryptocurrencies:.

In July, Cuba’s economy minister Alejandro Gil Fernandez said the government was consulting with academics to study the potential use of cryptocurrency for its national and international commercial transactions.

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cointelegraph.com
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