Bitcoin in Cuba: Why some Cubans are adopting BTC to escape ‘The Matrix’

In one of the world's toughest business environments, private businesses in Cuba have the potential to benefit from the cryptocurrency revolution. Erich Garcia Cruz, a Cuban businessperson and Bitcoin advocate, believes that Bitcoin adoption could grow in Cuba, especially if private businesses recognize the advantages of accepting Bitcoin as a currency. According to Cruz, using Bitcoin in Cuba serves as a tool for individuals to break free from the constraints of the country's centrally planned and officially communist economy.



Cuba faces challenges such as limited access to independent press and the United States trade embargo, which restricts Cubans from accessing American products, services, and applications. In contrast, Bitcoin operates independently from the state and lacks a central authority. Cruz suggests that the Cuban


First found on: https://coinatory.com/2023/06/16/bitcoin-cuba-why-some-cubans-adopting-btc/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP