How is the economy of Cuba interacting with an independent, stateless money-Bitcoin? With meetups, of course!
To demonstrate this, the group sold Cuba Bitcoin t-shirts for 1,000 Satoshis so attendees would learn about theNonetheless, the main talk of the day revolves around how to get one's hands on Bitcoin. In a country where mobile Internet penetration remains relatively low and smartphones are not yet ubiquitous, downloading Bitcoin applications or wallets is out of reach for many Cubans.
What’s more, due to the US trade embargo, familiar exchanges, such as Coinbase, Kraken, and Gemini are not welcome in Cuba. As a result, to buy Bitcoin, Cubans tend to do so the OG way, through peer-to-peer exchange.Bitcoin Cuba co-founder “C” delivered a talk on how to buy bitcoin, peer-to-peer through telegram trading groups.
“Using Bitcoin you can be a freedom person. We have a lot of opportunity here if we teach to all the businesses to use Bitcoin as a payment method; to use Bitcoin as a freedom tool–as that’s the path.” Now more than 10 businesses in Cuba’s capital, Havana, accept Bitcoin for goods and services. Buoyed by the success of the first Cuba Bitcoin meetup, the community intends to set up regular future meetups and events.
This interview is part of an upcoming Youtube documentary about Bitcoin adoption in Cuba. Subscribe here.
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