Why Cuba Is Primed for Bitcoin Adoption
Cuba is having one of its worst years in recent memory—but, as a consequence, a perfect storm is brewing on the island nation with regard to Bitcoin adoption. Cubans live under a high level of financial censorship, as well as rampant inflation. Meanwhile, their access to foreign currencies has been heavily curtailed this year due to COVID and US sanctions. This has increased the appeal of cryptocurrencies, many of which act as censorship-resistant stores of value. The usefulness of censorship-re...