Strangled for decades by the US government, Cuba has plunged into an economic crisis until losing trade relations with Venezuela. Recently, the Cuban government has announced the use of cryptocurrencies to circumvent US sanctions and revive the economy. In this perspective, John McAfee, the defender of cryptocurrencies immediately offered his help.
Cryptocurrency for Cuba
The Cuban regime has suffered the wrath of Donald Trump for more than 3 years. At the beginning of the year, the White House had announced a tightening of sanctions on tourism and education, once again plunging the Cuban economy into a major recession.
However, the leaders intend well to circumvent these sanctions, even to emancipate themselves of this stranglehold of the United States by digging the crypto question.
Following a dialogue with his ministers, President Miguel Diaz-Canel announced that the incomes of civil servants and a quarter of the population would be enhanced through cryptocurrencies.
John McAfee supports Cuba
The idea of launching a national cryptocurrency is not new for a country in the middle of an economic crisis.
Moreover, Cuba could well take advantage of the Venezuelan experience with the "Petro" to open its business to the world.
Alejandro Gil Fernandez, Cuba's Minister of Economy, explained:
"We are studying the potential use of cryptocurrency ... in our national and international business transactions, and we are working with academics."At the same time, John McAfee , the founder of cyber security company McAfee, also supported the project. In a tweet published on July 3 , the influencer offered his help to get Cuba out of the US pressure.
"Cuba is considering using cryptocurrency to circumvent the 63 years of economic strangulation imposed on 14 million Cubans by the US government's madness. Finally, a real-world application for crypto-currencies. If Cuba wants my help, I'm here, "he said.
What do you think of this project of cryptocurrency studied by Cuba? Comment in the comments section.
This post has received a 36.53 % upvote from @boomerang.
Hi, @infoslink!
You just got a 0.61% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.