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100,000 Cubans Are Using Bitcoin In Response To U.S. Sanctions

  • A report from NBC states over 100,000 Cubans are utilizing bitcoin and different cryptocurrencies.
  • The adoption of cryptocurrencies was pushed largely by cellular web entry which was solely offered to Cubans three years in the past.
  • The want for sovereign financial know-how spawns from sanctions positioned towards Cuba stopping the usage of worldwide requirements of cash.

Cuba is embracing bitcoin and different cryptocurrencies in response to burdensome U.S. sanctions, in accordance to a report from NBC News.

There are reportedly 100,000 Cubans at the moment utilizing cryptocurrencies which is largely thanks to the introduction of cellular web entry that was solely offered three years in the past. One specific cafe proprietor named Nelson Rodriguez was interviewed by NBC due to his acceptance of bitcoin and different cryptocurrencies.

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