Directly translated, this means: Welcome to Cuba, bitcoin! A bitcoin transaction has occurred. While this historic move isn’t quite as historic as the overturn of the more than 50-year trade embargo between the U.S. and Cuba, this is a big move for the country. And for bitcoin.
In a region where Wi-Fi is a perk, and not expected, and the average salary in the country is 471 pesos ($20 a month), you may be asking yourself: Why would the average Cuban care about bitcoin?
But that’s not the point.
The point is that the relations between the U.S. and Cuba are smoothing, not without tension, of course — but they’re moving in a way that stands to benefit both sides of the deal. And now that transactions are moving ahead between the two nations, that leaves room for the FinTech industry to break barriers in the country like never before.
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