A piece of major news came along from the government of Cuba which seems to gradually realize the true potentialities of the crypto market.
The news drew the attention of the entire market when President Miguel Diaz-Canel and his government on state-run TV officially announced that almost a quarter of the population will soon witness a rise in their income.
As far as the primary objective of the government is concerned, it plans to enhance the national supply as well as demand with a view of boosting growth. This is so because the sanctions imposed by the US President mainly target foreign investment and tourism.
Therefore, while his speech on the national television, Alejandro Gil Fernandez, the country’s Minister of Economy and Planning, said:
“We are planning to explore the potential application of cryptocurrency. In fact, we’ve gone further and decided to study the potential use of cryptocurrency in national and international commercial relations.”
Moreover, Gil Fernandez also indicated a ray of hope by believing in the talent of Cuba. He seems to be quite confident about the announcement and firmly stated that this was going to be a long-term project. He also added that there is no denial in the fact that there is enough capability as well as talent in Cuba to make the use of cryptocurrency a reality and use it more effectively as a feasible means of payment.