Home Bitcoin News 100,000 Cubans Are Utilizing Bitcoin In Response To U.S. Sanctions

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

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

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

There are reportedly 100,000 Cubans presently utilizing cryptocurrencies which is basically due to the introduction of cell web entry that was solely offered three years in the past. One explicit cafe proprietor named Nelson Rodriguez was interviewed by NBC attributable to his acceptance of bitcoin and different cryptocurrencies.


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