Cubans Know Bitcoin More Than You Think, Social Experiment Finds
The first recorded Bitcoin transaction between the US and Cuba occurred as late as mid-2015. However, a recent social experiment shows that Bitcoin is a lot more popular in Cuba and some regular Cubans already know how to use it. The Bitcoin Cuban Experiment. On January 5th 2017, the Canadian Twitter personality known as @mikeinspace tweeted a video called “The Bitcoin Cuban Experiment“. Whilst in Cuba, Mike wrote down the private key for a Bitcoin Address on a five peso banknote and proceeded to tip his waiter with it. The address contained bitcoin to the value of $1. Safe to say that....
Related News
On May 2, 2022, a report stemming from the broadcast television and radio network the National Broadcasting Company (NBC), 100,000 Cubans are leveraging crypto assets. The report says increased crypto usage is due to the fact that Cubans cannot use certain payment vehicles due to the sanctions placed on Cuba by the United States. 100,000 Cubans Bypass Payment Bans via Crypto NBC has published a video report that indicates roughly 100,000 Cubans are using digital currencies like bitcoin. For instance, one particular Cuban cafe owner, Nelson Rodriguez, who accepts bitcoin and ethereum, was....
A report from NBC News states over 100,000 Cubans are using bitcoin and other cryptocurrencies to escape harsh conditions created by international sanctions.
As a startup founder using social media, I'm always thinking of new ways to engage my fans. I'm also a bitcoin enthusiast, so I thought: "what better way to combine both of these passions than having a social media bitcoin giveaway on Twitter?" However, this experiment wasn't only about social media engagement, as it proved that bitcoin enthusiasts and non-users both see value in the currency. The engagement I saw in these experiments is important for several reasons. Namely, for bitcoin to achieve longterm success, "normal" people outside of enthusiasts like myself need to see value in....
Xapo CEO, Wences Casares believes that bitcoin detains the much needed potential to become the new gold Standard; he firmly stated this in a video posted by Bigthink. Casares is an Argentinean entrepreneur with many years of experience with internet technologies and the gaming industry. In all these years of activity he gathered an enormous financial expertise. In a video session led by Bigthink, a Knowledge dedicated forum, he tells us about bitcoin and what it could mean for International ecommerce trading. Casares says that Bitcoin may be the most important social experiment going on....
Stripe, a San Francisco, Calif.-based mobile payments startup that allows merchants to accept bitcoin, has announced that its Stripe Atlas service will be available to businesses in Cuba in conjunction with President Obama’s trip to Havana this week. Stripe users, including Atlas, can accept bitcoin along with credit cards, Android Pay, Alipay and 135 currencies. Stripe Atlas will allow Cubans to establish online businesses. Stripe Atlas will give Cuban entrepreneurs access to an incorporated U.S. business entity, a U.S. bank account for the newly-created entity, and a Stripe account to....