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Cuban freedom fighters launch underground Bitcoin remittance network

cointelegraph.com

According to an October 26 report by Cuba's AFP news agency, remittances sent from the U.S. to Cuba often pass through a clandestine network of "crypto enthusiasts" before being converted into Cuban pesos. Erich García, a 33-year-old programmer and local YouTuber, told AFP that anyone who wants to send remittances to the island must buy Bitcoin and send it through a Cuban crypto exchange called BitRemesas.

Entities trading Cuban pesos for Bitcoin often endure long bike journeys though the Caribbean heat to finalize these transactions. Cointelegraph Spanish previously reported that most of the 10,000 Cubans who use Bitcoin on the island do so in secret.

Read in Full: cointelegraph.com
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