Cubans Are Turning to Bitcoin to Access Global Economy: Report

Cointelegraph | Sep 13, 2019 at 10:39 AM
  • Trading is opening new avenues for citizens in Communist-run Cuba.
  • A Sept. 12 report from U.S. News claims that with the recent advent of mobile internet in the country, Cubans are increasingly buying cryptocurrencies to make online purchases, as well as to invest and trade.
  • Notably, with a low prevalence of credit cards, many local crypto users reportedly need to ask relatives abroad to help them to enter the cryptocurrency markets or to turn to social media channels such as CubaCrupto.