Topic: Cuba opens its own exchange - page 2. (Read 197 times)
Even in this hard times, people are seeing the opportunity to build their desire project in the crypto space. This is really a good news that will brighten most people, mostly those in Cuba therefore giving them a reason to smile amidst the pandemic, in addition it will also lead the path to people knowing more about crypto. Furthermore, being a decentralized exchange will give the users or traders a good form of security.
Every good news for crypto is always encourages us as we are crypto lovers. Cuba has launched its first decentralized cryptocurrency exchange which will spread the value and awareness in South America and North America continent. If this exchange gets legality in Cuba from Govt, it will also better for the crypto lovers.
I dont think that it will be honest one
Sounds interesting, I hope it goes well with the people of Cuban, I know this nation has been under sanction by the USA and that is affecting her economic. I don't get to see many Cubans in this space. Can you get us a link to this post?
Mario Mazzola, creator of the lightweight BTC wallet Qbita, launched Qbita Exchange, a peer-to-peer (P2P) Bitcoin exchange built in Cuba and Cuba alone., the first decentralized Bitcoin exchange in Cuba.
He said: I created Qbita Exchange because I always believe that here, in Cuba, BTC is a real need. Mazzola said that Qbita's development was entirely due to word of mouth: "We did not invest in advertising."
And in order for Cuba to keep pace with other regions of the world, the country needs many tools to buy, sell, use and store BTC easily and securely. “Qbita solves all these problems
Qbita developer is currently building a payment gateway for businesses that want to start accepting crypto. This initiative has not been implemented yet because e-commerce is still in its infancy in Cuba. However, money transferred from abroad is a different story. Mazzola said: “Qbita is the perfect platform to handle money transfer and I'm not saying that mathematics does it. If we compare Qbita with Western Union, a Cuban-American who sent US $ 100 from the United States to his wife in Holguin, she would receive about 95 CUC [Cuban peso conversion]. ”
Mazzola explained that if the transfer is made in BTC and the recipient sells it on arrival, he or she will see the net profit from the transaction, since BTC is sold at a high price in Cuba.
And while the whole world is going through tough times, Mazzola remains optimistic about the future of both Cuba and the cryptocurrency.
This is good news for Cuban traders.
He said: I created Qbita Exchange because I always believe that here, in Cuba, BTC is a real need. Mazzola said that Qbita's development was entirely due to word of mouth: "We did not invest in advertising."
And in order for Cuba to keep pace with other regions of the world, the country needs many tools to buy, sell, use and store BTC easily and securely. “Qbita solves all these problems
Qbita developer is currently building a payment gateway for businesses that want to start accepting crypto. This initiative has not been implemented yet because e-commerce is still in its infancy in Cuba. However, money transferred from abroad is a different story. Mazzola said: “Qbita is the perfect platform to handle money transfer and I'm not saying that mathematics does it. If we compare Qbita with Western Union, a Cuban-American who sent US $ 100 from the United States to his wife in Holguin, she would receive about 95 CUC [Cuban peso conversion]. ”
Mazzola explained that if the transfer is made in BTC and the recipient sells it on arrival, he or she will see the net profit from the transaction, since BTC is sold at a high price in Cuba.
And while the whole world is going through tough times, Mazzola remains optimistic about the future of both Cuba and the cryptocurrency.
This is good news for Cuban traders.
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