cryptocoinsnews.com / JUSTIN OCONNELL / 24/07/2015
This week, the first documented Bitcoin transaction in Cuba was put in the history books. Although people have been visiting Cuba since the advent of Bitcoin, this is the first public transaction, considered significant in large part because of recent changes that swept the tiny island nation off the U.S. coast.
Washington D.C. and Cuba have opened up relations in recent months after the formal restoration of diplomacy. Five decades long the United States and Cuba spent devoid of the benefits of working together. The Obama Administration liberalized economic life for Cubans on the island, and Cuban-Americans, with many recent reforms, and Congress will likely be asked to lift the trade embargo and end its travel restrictions for the island.
“It’s about showing Cubans and the Bitcoin community that it is now possible to receive Bitcoin through Nauta, the Cuban state-run public Wi-Fi,” Fernando Villar, BitcoinCuba founder, told CCN. “This will hopefully open everyone’s eyes on the possibilities and finally put Cuba on the Bitcoin map.” The idea came about spontaneously.