Products & Services You Can Pay for in Cryptocurrency in Cuba

[El Presidente]

 

 

By Alberto C. Toppin (El Toque)

HAVANA TIMES – The year 2021 was a growth year for Cuba’s crypto ecosystem. The development of payment gateways and online stores, adopting bitcoin as a payment method in physical spaces and other events led to a dollar in bitcoin being listed higher in Cuban pesos than a dollar in cash, for the first time on the archipelago.

However, in 2022, there are still people who doubt the purchasing power of cryptocurrency for many reasons, including the belief that the crypto world must be linked to theft, Ponzi-style schemes and fraudulent investment companies. Add to this decentralization and a lack of support in physical currency or bills, two of the greatest differences between cryptocurrencies and conventional currencies.

However, despite this, cryptocurrency offers Cubans more and more opportunities.

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