NBC published a video report stating that about 100,000 Cubans use digital currencies such as bitcoin.
Nelson Rodriguez, owner of a Cuban café that accepts bitcoins and etherium, gave an interview to the resource in which he said he “believes in the philosophy” of cryptoassets. In his opinion, Cubans who use cryptocurrencies are looking to the future.
It is reported that 100,000 Cubans are using crypto-assets because of the increase in Internet productivity over the past three years.
Another Cuban entrepreneur said that the departure of payment companies such as Paypal, Revolut and Zelle from the market is forcing a turn to cryptocurrencies, which help bypass the traditional financial system.
Earlier, Cuba’s central bank presented recommendations for licensing virtual asset service providers, so there is reason to believe that this sector of the economy will gain further traction.
Musician Ernesto Cisneros, who also took part in the survey, added that his income was reduced because of the Covid-19 pandemic. For this reason, he was forced to turn to non-interchangeable token technology, converting his music into NFTs and selling them on the Internet. By doing so, he secured a decent income.