Bitcoin in Cuba: A glimmer of hope for a nation known for its economic isolation, hardship and censorship.
Cuba, a country known for its unique blend of rich history, vibrant culture and political isolation, is the focus of Cointelegraph’s latest on-the-ground documentary.explores Bitcoin’s impact in one of the world’s last remaining communist states.
Journalist and Bitcoin enthusiast Joe Hall embarked on the journey to Cuba, determined to witness and capture the “Bitcoin revolution” that gained prominence in Alex Gladstein’s book. Gladstein explains how Cubans have harnessed Bitcoin’s stateless, low-fee nature to escape financial oppression and secure their savings.
Bitcoin users in Cuba primarily engage in peer-to-peer transactions, buying and selling Bitcoin through Telegram and Signal groups. They run nodes with limited resources and evade online surveillance and access banned internet sites with VPNs.
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