More option to send money to Cuba?

Cubanos recurrence bitcoin to buy inside the front of the front

Cubanos herhaal the bitcoin to make purchases on the outside ante the core of fronts. (Collage: Flickr-QuoteInspector / Periódico Cubano)

During a brief briefing with the Barack Obama administration, relations between the United States and the Habana regime began to decline only to return in the last few years, during the Trump era.

The recovery of the embargo, in the midst of a pandemic that has engulfed the world economy, has been the most difficult to bear for the communist island. But it is possible that there is a solution to the problem of some economic difficulties affecting Cubans.

Some Cubans will comment on the release of cryptocurrencies and electronic tickets, as a practical solution to the crisis.

Until November 2020, the majority of these transfers will be handled by Western Union. As well as the residents of the Isla tienen that look for new forms of sustainability the state of these vital transfers of foreign money, one of the main sources of intrusions of many families.

Cuban startup BitRemesas offer an alternative: organize money transfers in the form of cryptocurrencies such as bitcoin, Ether, Doge and others.

“There is a community that has a majority of partisans for cryptocurrency in Cuba”, dijo a Euronews Erich García, programmer and software of La Habana.

Neither the small internet connection of the island nor its technological attraction has impeded operations such as the captioning of stocks, the payment of invoices or the access to digital currencies in vuelvan is one of the most popular.

Debit the restrictions that ten Cubans have, do not have the ability to access traditional payment media, such as credit cards.

The solution that encounters a young number of young people is to trade with cryptocurrencies, which they have to save with fines or fines for payments, interchangeable for effective that are delivered in meals and reach the recipients by phone furniture or money.

“I need cryptocurrencies. Read a link, the elijo (the cryptocurrency), receive their cryptocurrencies, have the payment using these cryptocurrencies to request the services you need, ”said Eyony González, software programmer.

“Now a currency exchange has taken place and a wine devaluation has taken place. A form of devaluation protection that requires cryptocurrencies that are repaid for a value in a market that is in dollars, ”González said.

Geen hoo figures on the amount that is moving in this monetary market all over the island, but it has been reported since the administration of President Donald Trump suspended the Western Union authorization to work with Cuba to fines from 2020.

In addition, the Covid-19 pandemic obliges us to cancel flights in those that the “mulas” effectively train.

The Miami-based consulting firm, The Havana Consulting Group, considers that Cuba has spent $ 2,300 million on holiday rentals, 36% less than in 2019 due to the pandemic.

The diner read the works of all the possible canals; an important amount for a small country that reported increases in tourism of $ 3 million dollars a year before the coronavirus paralyzed this industry.

Pero the phenomenon of the cryptocurrencies that creation silently is one of the most notorious in the calls of the island.

“The impact it has had on the use of cryptocurrencies in Cuba since then has been impressive. Has escalated in its use, in its interpretation, in what it is ”, doubled Erich García.

The rapid diffusion of the use of cryptocurrencies has been exacerbated by the fact that at these points there is no money and no support from central banks or the production of goods and services in the country can be a far-reaching solution for the country. economic crisis.

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