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Interest in bitcoin sparks in Cuba following the impact of COVID-19 on the nation

Interest in bitcoin sparks in Cuba following the impact of COVID-19 on the nation

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  • Cuba is allegedly seeing an increase of activity in regards to bitcoin as interest in the leading cryptocurrency is rising within the country.
  • This comes according to data from Google trends indicating that Cuba is now second when it comes to bitcoin interest over the past month.

Cuba is allegedly seeing an increase of activity in regards to bitcoin as interest in the leading cryptocurrency is rising within the country.

This comes according to data from Google trends indicating that Cuba is now second when it comes to bitcoin interest over the past month.

This follows Nigeria, which has remained as the top country for searching for bitcoin since April 2020. Other regions all around the world that have been showing a keen interest in the leading cryptocurrency include Ghana, Cameron, South Africa and more.

The interesting rise of bitcoin-related searches in Cuba comes as many people within the country are turning to the asset to avoid sanctions imposed by the United States by being able to gain access to digital financial services that they otherwise will not have access to.

Coronavirus is only complicated things within the country when it comes to payments with household names in the western world such as PayPal and stripe not being available to the public in the nation.

At the end of last month, a YouTuber known by the name of Erich García has called on the country to start using bitcoin for cross-border remittances and claim that anyone who wants to send payments to Cuba should buy the leading cryptocurrency and send it through a crypto exchange based in the nation. He specifically highlighted BitRemesas as the platform to use going on to say:

“We do not have access to payment platforms like Stripe, Visa, Mastercard, Paypal, or Union Pay. We do not have access to anything, to any of those resources. What technology has allowed us to dream, see other scenarios? Blockchain and Bitcoin.”



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