San Diego to Havana via Airbitz — The First Bitcoin Transaction

Bitcoin is the digital currency of the people, irrespective of region, religion, sex or politics. The recent bitcoin transaction between the United States and Cuba has proven that bitcoin, true to its essence is indeed a global currency.

The aforementioned transaction happened earlier this month after considerable improvements in the diplomatic relations between both the countries took place. Republic of Cuba, the largest island in the Caribbean was subject to economic sanctions by the United States for over 50 years before showing signs of thawing. There has been few developments in the relations between the United States and Cuba which may soon result in the former lifting the economic embargo against the latter.

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While the overall outlook looks positive, it will still take a few months before Washington takes the final call on the Cuban embargo. At present, the diplomatic relations have resumed with both countries opening their respective consulates in the Republic of Cuba and United States. These developments have encouraged Cuban emigrants in the US to visit their families and friends back home. Even the first legal bitcoin transfer from the United States to Cuba

Read more ... source: TheBitcoinNews