Bitcoin Adoption Surges: 100,000 Cubans Seek Financial Alternatives Amidst U.S. Sanctions
According to NBC News, over 100,000 Cubans are turning to bitcoin and other cryptocurrencies as a response to the challenges posed by stringent international sanctions.
The surge in cryptocurrency adoption is largely attributed to the availability of mobile internet access, a service introduced to Cubans only three years ago. This accessibility has empowered individuals like Nelson Rodriguez, a café owner featured in the report, to embrace cryptocurrencies as a form of payment.
Rodriguez expressed his support for cryptocurrencies, citing his belief in their underlying philosophy. This philosophy advocates for monetary sovereignty, where individuals have control over their own money without the risk of intentional devaluation over time.
Such ideals have resonated with many Cubans, especially in light of the restrictive measures imposed by both the local government and international sanctions, particularly those enforced by the United States…
Read more… [Source: BitcoinMagazine.com]
Cuba – Bitcoin News Related To Cuba
