Banking

Stonegate Bank Credit Card Leading the Way in Cuba

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On June 14, 2016, AP news agency reported that Stonegate Bank of Pompano Beach in Florida would issue the first US credit card intended for use in Cuba. This is wonderful news for the innovative, trailblazing Stonegate Bank, and also for Cuba and American tourists in general. It’s a step forward, it’s progress and most people will be ecstatic to hear the news. That’s the good news story but, and there’s always a “but” to the big story. Like MasterCard – which has ventured into Cuba – the Florida bank credit card is not yet active because financial and legal adjustments between Cuba and the United States are still in process.  An official from the Central Bank of Cuba (BCC) made statements to this effect…

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