Best Bitcoin Card for Cuba

Now that Cuba has resumed diplomatic relations with the USA, the communist state’s increasing ties to the rest of the world economy are also continuing. A small group of Cubans believes that the Bitcoin could play a major role in this.

Bitcoin in Cuba

There’s no Internet like the one we know in Cuba. Cubans have only limited access to the World Wide Web and only in a Cyber Center in the big cities. They charge between $2 and $4 US dollars per hour, which hardly a Cuban can afford with an average monthly wage of only $20 US dollars.

Without a broadband connection, downloading a 70 gigabyte Bitcoin chain is of course almost impossible, and yet a small Bitcoin community has sprung up in Cuba. The Club Anarcocapitalista de Cuba (CAC) is currently financed by donations.

The CAC community believes that the Bitcoin could help Cuba to a better future. A bad economic situation currently faces well educated Cubans. Services provided by trained professionals are therefore likely to become the country’s main export in the future. The Bitcoin could help here and provide an unbureaucratic way to improve the economic situation and the connection to the USA and other countries.

About Cuba

Cuba (Spanish: Cuba, official name Republic of Cuba) is an island state in the Caribbean. In the northwest, the island has a coastal strip to the Gulf of Mexico, but the entire north coast lies on the Atlantic Ocean. Cuba is the largest island in the Caribbean. In the ranking of the largest islands in the world, it ranks 15th.

Cuba is one of the last existing socialist economies. The country has been in an extreme economic crisis since around 2009, due to the hurricane season of 2008 and Cuba’s inefficient economy. The desolate economic situation forced the government to introduce market economy reforms in order to ensure the basic supply of the population.

Tourism has become the country’s leading economic sector and the most important source of foreign exchange. The beginning of mass tourism in Cuba was triggered in the early 1920s by prohibition in the United States. Cuba became a popular tourist destination for Americans because it was close to Florida and not subject to gambling and prohibition restrictions as in the USA.

After the victory of the revolution in 1959, only a small number of guests, especially from the Soviet Union and the Eastern Bloc countries, travelled to Cuba in the following thirty years. After the dissolution of the Eastern bloc and the economic crisis in Cuba, the government sought new sources of foreign exchange for Cuba. With the help of internationally active tourism companies, joint ventures have been established since the early 1990s, establishing and operating hotels and tourist facilities mainly in the main tourist areas.

Compared to other long-haul destinations, tourism in Cuba is safe. The risk of terrorist attacks in Cuba is also considered to be very low. Cuba suffers from power shortages. In order to save electricity, electricity is switched off mainly outside the tourist centres, which can also lead to impairment of the water supply and communication.