Banking

Cuban-Italian Launches a Bitcoin Exchange in Cuba

• Bookmarks: 39


The technology news website Decrypt reported that a Cuban-Italian entrepreneur has launched a bitcoin peer-to-peer trading platform in Cuba. Known as Qbita-a, the developer Mario Mazzola describes it as “a system built in Cuba for Cubans.” Mazzola claims it to be the first decentralized bitcoin exchange but it is not without drawbacks. It is possible a slow internet connection and the nefarious US blockade could hamper usage. The ultra-lightweight bitcoin platform was launched earlier this month. The system includes a bitcoin wallet, a payments platform, and a peer-to-peer exchange. It is the first decentralized bitcoin exchange of its type on the Island. Cryptocurrency is not illegal in Cuba but there is no regulatory framework associated with it. However, about ten months ago, the government was…

TO READ THE FULL STORY:

 SUBSCRIBE

 SIGN IN

Unbiased reporting on economic news and business developments in Cuba by industry sector

 

comments icon0 comments
bookmark icon

Write a comment...

error: This content is copyright protected.