Blockchain for Cuba: Revolupay
Can a blockchain help Cuba's nascent US tourist business? As we all know, there's been a decades long blockade of Cuba which President Obama rolled back, but there's still a problem with tourism due to the absence of a payment systems infrastructure (thanks to said previous sanctions). Steve Marshall of Cuba Ventures has come up with Revolupay. ¡A means to bring remittances and tourists to Cuba with a travelcoin!
Take a look at Max Keiser's interview with the guy (from 12.35) and let me know what you think in the comments below:
this will be a new revolution that will bring about drastic changes. I think with blockchain there will be nothing to lose because blockchain is a cutting-edge technology that will bring civilization of the human economy to a very positive thing. this is a very interesting thing in my opinion. thanks so much
i’m not cuban, but I’ve coordinated events with cubans en sitio over email. I wish the best to crypto in Cuba, but the internet situation is incredibly depressing. often my colleagues couldn’t download the tiniest of files.
Between 1999 and 2001, Steve Marshall, CEO of Cuba Ventures, pioneered the first Cuban remittance and online store, not unlike today’s Amazon, called “Cuba Gift Store”. Knowledge gleaned from, what was then a ground-breaking venture, allied to today’s modern mobile app, blockchain and overall advances in technology mean that the many manual processes needed almost two decades ago are now easily automated through disruptive technology such as the blockchain. The company feels that today’s Cuba, with its extensive use of mobile technology, nationwide cellular network and thousands of Wi-Fi hotspots, creates a fresh and, currently untapped, opportunity in the $3.4 Billion remittance and $750 Million private enterprise sectors.
A way for people to trade value for value without a middleman, is it not?
I'm for free speech everywhere! This is great!