Cuba, the island nation suffering decades-long embargoes with the US, has turned to cryptocurrencies to procure goods from a globalized e-commerce world. The spread of mobile internet in the past year allowed Cubans to shop online for goods that are a given for most markets, reported Reuters.
Beyond direct trade, Cubans are cut off from acquiring banking services, debit and credit cards. But locals still have ways to acquire crypto assets, and those are still censorship-free. Jason Sanchez, owner of a mobile repair shop, uses Bitcoin (BTC) as a way to acquire phone parts and other essentials.
Cubans are some of the users of crypto payments to...