First Documented Cuba Bitcoin Transaction is Now History
This week, the first documented Bitcoin transaction in Cuba was put in the history books. Although people have been visiting Cuba since the advent of Bitcoin, this is the first public transaction, considered significant in large part because of recent changes that swept the tiny island nation off the U. S. coast. Washington D. C. and Cuba have opened up relations in recent months after the formal restoration of diplomacy. Five decades long the United States and Cuba spent devoid of the benefits of working together. The Obama Administration liberalized economic life for Cubans on the....
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As the first recorded BTC transaction in history between Cuba and the United States is now history, CoinTelegraph spoke with Ni’Coel Stark, Managing Principal and Co-Founder at Block26, which recently invested US$450,000 into bitcoin wallet startup Airbitz that was used to perform the milestone transaction. Bitcoin in Cuba. Back in March, members of the Club Anarcocapitalista de Cuba (Cuban Anarchocapitalist Club; CAC) went on record and explained their mission to CoinTelegraph about bringing social and economic freedom with the help of Bitcoin to their local community. “Bitcoin is....
Bitcoin is the digital currency of the people, irrespective of region, religion, sex or politics. The recent bitcoin transaction between the United States and Cuba has proven that bitcoin, true to its essence is indeed a global currency. The aforementioned transaction happened earlier this month after considerable improvements in the diplomatic relations between both the countries took place. Republic of Cuba, the largest island in the Caribbean was subject to economic sanctions by the United States for over 50 years before showing signs of thawing. There has been few developments in the....
Bitcoincuba aims to introduce the cryptocurrency bitcoin to the Cuban community, with the first transaction already made through a public WiFi. According to founder Fernando Villar, this could show Cubans that it is possible to transact using the cryptocurrency via Nauta, the state-run public WiFi network. "This will hopefully open everyone's eyes on the possibilities and finally put Cuba on the bitcoin map," Villar mentioned. Bitcoin in Cuba. The financial system is a little more complicated in Cuba, as there are two official currencies in circulation. One is the peso, which is used for....
Proof that Bitcoin can empower the minority, independent of political will or regulatory circumstance, is coming to light in 2015 – in Cuba. In an exclusive interview with CoinTelegraph, members of the Club Anarcocapitalista de Cuba (Cuban Anarchocapitalist Club; CAC) were able to go on record to describe their mission to bring the social and economic freedom engendered by Bitcoin to their local community. Changing international relations with Cuba have made international headlines in recent months. Trade embargoes with the US are under review, and in their absence a Cuba could emerge....
When a country faces a severe economic crisis or living in a long-lasting political turmoil, cryptocurrencies are often discussed as an alternative to deal with the tough times. Although cryptos are not an unfamiliar issue in Cuba, the Communist Party of Cuba (PCC) has been recently showing interest in digital assets to face the economic crisis. Party Delegates Want to Assess Feasibility of Cryptos in the ‘Current Economic Conditions’ According to Directorio Cubano, some members of the PCC suggested that the country should make its inception into the crypto sphere as “an....