Cointime

Cointime

Download App
iOS & Android

Merchant Adoption of Bitcoin Cash in Cuba

The news from the Caribbean island nations of St. Kitts & Nevis and Sint Maarten with the procedures to adopt Bitcoin Cash as legal tender traveled fast around the world.

St. Kitts & Nevis Prime Minister Dr. Terrance Drew made the legal tender announcement at the Bitcoin Cash 2022 conference, mentioning March 2023 as the target date.

We have two economies, two nations looking into making Bitcoin Cash legal tender, and Bitcoin Cash is in the leading position in the race for P2P adoption.

The Caribbean region listens and adapts quickly.

Accepting Bitcoin Cash is easy and doesn’t require special skills, knowledge, or cost.

Bitcoin Cash delivers a simple payment method.

A merchant only has to download a Bitcoin Cash wallet (bitcoin.com, Electron Cash, Paytaca, Zapit, etc), and write or save the secret phrase.

We witness merchants from various locations in the Caribbean region adopting Bitcoin Cash.

One country that can become a new hub is Cuba, with the first businesses already accepting Bitcoin Cash!

Cuba already entered the map and now includes six merchants accepting Bitcoin Cash!

Bitcoin Cash In Cuba

  (Source: map.bitcoin.com)  

I checked these locations and discovered a pleasant surprise. Let’s have a look at the businesses accepting Bitcoin Cash in Cuba:

  • El Cuarto de Tula, San Lazaro, in Havana accepts Bitcoin Cash!

A gorgeous restaurant at the heart of Cuba accepts Bitcoin Cash! I also discovered the Instagram page of the restaurant, which also contains video proof of Bitcoin Cash adoption.

(Source)

Watch the video on the Instagram page of the merchant.

  • Bar Galería Mejunje, in Santa Klara, accepts Bitcoin Cash.

There was no website connected with this bar on the bitcoin.com map, but I did some search on social media and found the Facebook page of this business.

Bar Galeria Mejunje is officially one of the first merchants accepting Bitcoin Cash in Cuba!

  • Breakfast All day, Calle Rosario, Trinidad, accepts Bitcoin Cash

A new entry in the bitcoin.com map is the Breakfast All day restaurant which also accepts Bitcoin Cash.

I located information on Google, although this merchant had no social media presence.

It appears this restaurant is popular with tourists in Cuba, judging by the comments on Google.

  • QvaShop 253 General Lee, La Habana, Cuba

This merchant (QvaShop), accepts a variety of cryptocurrencies with the use of a payment processor called QVAPay. QvaShop is an e-shop, and the QVAPay option an exchange that facilitates crypto payments.

With this service, Cuban merchants can accept various cryptocurrencies, so for Cuban crypto enthusiasts, it can become a place to spend their Bitcoin Cash (and other cryptocurrencies).

There are two more locations accepting Bitcoin Cash in Cuba, according to the bitcoin.com map:

This one doesn’t mention Bitcoin Cash:

I visited the website of this gallery, and it appears to have some contact details, but there was no mention of Bitcoin Cash, or any other cryptocurrency.

  • The Orange House in Guasimas

I couldn’t find an option or information regarding Bitcoin Cash, so I emailed this hotel asking for more information regarding payment options, and plan to update the article if I get a response.

Hasta la victoria siempre

(on Pixabay)

Every merchant that adopts Bitcoin Cash as a payment option is a success story.

The news from St. Kitts travels fast. Perhaps St. Kitts & Nevis adoption can generate an automated adoption process and deliver exponential results.

St. Kitts & Nevis and Sint Maarten are sparks that can ignite waves of Bitcoin Cash adoption in the Caribbean as people decide to use cryptocurrency instead of “hodling” as a speculative investment.

Hopefully, Cubans will embrace Bitcoin Cash as an alternative for payments as it contains all the proper functions of money.

Bitcoin Cash is the best alternative to fiat currencies delivering permissionless and fast transactions for low fees (less than $0.01).

I will cover more locations and merchants that adopt Bitcoin Cash, as I expect a rising trend.

We may witness wonders in the P2P adoption race, even in the coming months.

Bitcoin Cash
Comments

All Comments

Recommended for you

  • Putin States Negotiations with Ukraine Currently Impossible

    On October 10, Russian presidential aide Ushakov provided details about the phone call between the leaders of Russia and the United States. Ushakov stated that during the call, Putin elaborated on the measures Russia has taken in response to the terrorist attacks carried out by the Ukrainian armed forces. Putin indicated that Ukraine is attempting to undermine the Russian State Duma elections and is attacking civilians, which has compromised the possibility of immediately resuming negotiations. He also noted that Ukraine's attempts to hinder the advance of Russian troops have no prospects for success, as the Russian military currently holds complete initiative on the battlefield and is continuing to advance. Putin emphasized that due to Ukraine's stance, particularly its efforts to disrupt the Russian Duma elections, it is currently impossible to resume negotiations with Ukraine. Trump has instructed that the message conveyed by Putin during the call be communicated to the Ukrainian delegation. Ushakov mentioned that there has been no specific discussion yet regarding a potential bilateral meeting between Putin and Trump.

  • Telegram Renames Gram Wallet to Money and Launches for All Users

    On October 9, Telegram officially renamed its previously limited-access wallet service 'Gram wallet' to 'Money' and launched it to over one billion users across the platform. 'Money' is an integrated wallet for the Gram token, supporting storage, transfers, and purchases of platform gifts and collectible usernames. Additionally, the accompanying trading platform 'Walt' offers services for over 300 assets, including tokenized stocks, precious metals, perpetual contracts, and wealth management projects. Users can make instant transfers from 'Walt' to the 'Money' wallet without incurring network fees. The official statement also cautions that investing in crypto assets carries associated risks.

  • Blockchain.com Seeks Approval for Prediction Markets and Cryptocurrency Derivatives Trading

    On October 9, the crypto asset platform Blockchain.com submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) seeking to obtain licenses for a designated contract market (DCM) and a futures commission merchant (FCM) to offer event contracts (prediction markets) and cryptocurrency derivatives trading services to U.S. users.

  • US May Seize Approximately $1 Billion in Cryptocurrency Related to Iran This Week

    U.S. Treasury Secretary Bencet stated at the NPolicy Summit held by Newsmax in Washington on Thursday that we may seize $1 billion in cryptocurrency this week, adding, "We know where it is, and we are isolating them." Bencet noted that the Trump administration's approach to Iran has shifted from 'maximum pressure' to 'absolute isolation,' with measures including maritime blockades, restrictions on air travel, and the cutting off of land routes. The UAE and Oman are cooperating with the U.S., which is also working with Pakistan and Turkey to cut off all land routes in and out of Iran.

  • Zcash Development Team Plans to Introduce Quantum-Resistant Signatures in January

    The development team of the privacy cryptocurrency Zcash (ZEC) plans to introduce post-quantum signature opcodes to the network in January next year, supporting hash-based signature technology to defend against potential quantum computing attacks. This solution primarily targets the transparent (public) payment pool, where approximately 70% of ZEC is currently stored. Although the developers have set January as the target deadline, the specific network activation time has not yet been finalized. This upgrade aims to prevent attackers from using existing public keys to reverse-engineer private keys and forge payment authorizations. Additionally, the Zcash node validator Zakura has launched a wallet tool based on Private Information Retrieval (PIR), allowing users to query balances across multiple addresses without revealing the correlation between those addresses to the server. Previously, Ethereum researcher Justin Drake warned that artificial intelligence could accelerate the cracking of traditional encryption algorithms and urged cryptocurrency holders to prepare for potential security threats.

  • BTC Surpasses $83,000

    Market data shows that BTC has surpassed $83,000, currently priced at $83,017.3, with a 24-hour increase of 0.66%. The market is highly volatile, so please ensure proper risk management.

  • Central Committee and State Council: Comprehensive Implementation of 'AI+' Initiative

    On October 9, the Central Committee of the Communist Party of China and the State Council issued the 'Opinions on Developing New Quality Productive Forces.' The opinions mention the comprehensive implementation of the 'AI+' initiative. This includes promoting the transformation of traditional industries through artificial intelligence, accelerating the development of new-generation intelligent terminal applications such as smart connected new energy vehicles, AI smartphones and computers, and humanoid robots. It aims to speed up innovation in digital intelligence technologies like artificial intelligence, break through foundational theories and core technologies, and strengthen the efficient supply of computing power, algorithms, and data. The strategy involves tailored approaches based on local conditions and industry-specific policies to layout national pilot bases for AI industry applications and high-value application scenarios, vigorously promoting the application of AI across various sectors. Additionally, it emphasizes the establishment of a technology monitoring, risk warning, and emergency response system to ensure that artificial intelligence is safe, reliable, and controllable.

  • U.S. Government-Related Wallet Deposits 17,733 BTC and 750 WBTC to Coinbase Prime

    On October 9, according to monitoring by Lookonchain, wallets associated with the U.S. government have deposited 17,733 BTC (worth $1.48 billion) and 750 WBTC (worth $62 million) into Coinbase Prime over the past three days. According to tagging data from Arkham, these wallets currently hold cryptocurrency assets valued at $25.4 billion, with Bitcoin alone valued at $25.3 billion.

  • ETH Falls Below $2500

    Market data shows that ETH has fallen below $2500, currently priced at $2499.87, with a 24-hour decline of 2.55%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Surpasses $2500

    Market data shows that ETH has surpassed $2500, currently priced at $2500.13, with a 24-hour decline of 2.21%. The market is experiencing significant volatility, so please ensure proper risk management.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company