The cryptocurrencies are prioritized in the PCC lineages for the next five years. (Collage: Pixabay / Granma)
Between the new lines of the Cuban Communist Party for the next 5 years and which will take place in the 8th Congress will be the official incursion into the cryptocurrency as part of a future technology that can be practiced with traditional hegemony.
In the information about the “Economic and Social Politics of the Party and the Revolution ” It is proposed to “advance in the study of cryptocurrencies in the current conditions of the economy”, as a work of the year 2026, although it is not clear what the seriousness is that the study will take place if the “study” will be a practical implementation then in the proposal Congress is reconciling that only 30% of the lineages of hace 10 years have been in practice.
In the Cuban population there is an incipient, but accelerated culture of cryptocurrencies. This technology is dominated by all the young people who use their cellular phones and the eye of the Internet to sum up the digital transactions of the world.
One of the most popular cryptocurrencies are bitcoin, which consists of a sequence of codes, an archive that can guard and exchange information through information media. There is no market that regulates the use of the price of this electronic device, for that matter to obtain bitcoins is necessary participant in the creation of these cryptocurrencies or buy them on the Internet.
Cubans obtain their bitcoins in digital cards by means of threats between persons whose possessors of the same puppies have contacts in the extraterrestrial that can be accessed in this market.
The operation is the next: the interested buyer contacts the seller and accepts a price that will be paid in physical money and the buyer will transfer a bitcoin to his digital currency. Monederos are international applications for mobile phones that can operate in Cuba, but only need an Internet connection to complete transactions.
One of the sales of bitcoin for Cubans is to make purchases on the foreign web pages and therefore does not depend on a family in the exterior. Cubans within the Isla can only use international payment methods such as PayPal, which can require Visa or Mastercard cards.
Other countries adopt the cryptocurrencies as official payment media
In 2018 Venezuela announced the creation of the cryptocurrency Petro, which was backed by the oil barrel. Petro’s objective was to favor “economic sovereignty” of countries and various companies such as PDVSA to start operating in that month to carry out financial operations, following the crude oil extraction crisis and the degree of crude prices not being taken into account. intentions to position Petro as a reality.
Moreover, Venezuela is experiencing a severe economic crisis that has affected its traditional currency (the bolívar) has lost almost all its value, with higher inflation rates at 4000%.
For its part, China has advanced decision-making in the creation of its digital yuan cryptocurrency that will be repaid by the People’s Bank of China (PBOC) and pretends to replace the money effectively in circulation in the country.
El Banco Popular de China (PBOC) now has a form of the adelantar pagos sin efectivo. It is effectively a digital version of the fiduciary currency. The central bank has been working on a digital currency since 2014.
“Effective use is diminishing. Eventually, the device will be replaced by digital digital format. It’s one of the biggest impetuses of this, ”Yan Xiao argued last week, leading the project for digital commerce at the World Economic Forum.
China pretends to accept the hegemony of the dollar that dominates by 88% global-level transactions and to make it irrelevant to any economic sanction of the EU governing body.