Cryptocurrencies seem to have become a very concrete alternative for countries facing difficulties by the US embargo. After Venezuela, who launched his Petro precisely with a view to bypassing the stakes imposed by Trump on his economy, and theIran who now seems determined to take the same road, now it is Cuba who looks with considerable interest at virtual uniforms. After all, a fairly logical decision in light of a blockade which has lasted since 1962 and which, however, has not managed to weaken the fighting nature of the Caribbean island, which proposes to continue to represent a real thorn in the side of the empire at stars and stripes. As long as you find new ways to get around the embargo.
The statements of Miguel Díaz-Canel and Alejandro Gil Fernandez
In the last few days, the president has publicized Havana's interest in digital assets Miguel Diaz-Canel, during a public debate relaunched by state television. Among the most interesting statements made by him, it should also be remembered that according to which a move of this kind in addition to allowing to give breath to an economy put in considerable difficulty by the bloqueo, would increase the income of a large part of the population.
The Minister of Economy explained the consequences of a measure of this magnitude in more detail Alejandro Gil Fernandez, according to which the reforms made possible by the collection of resources implemented through the distribution of digital "tokens" would result in a decentralization of activities and a hint of liberalization of the economic system. The measures envisaged in this plan would in particular lead to an increase in the amount of pensions and wages for workers in public administration, social services and state media, raising the average monthly salary in the sectors cited by about 25 dollars today to 44,5.
The difficulties of Petro
It should also be remembered as what is considered the reference that the Cuban government could look at, or the Petro, so far has not ringed memorable performances. While guaranteed by the country's oil and mineral resources, it too had to discount the considerable skepticism of the markets and above all the declared hostility of the United States, which could also be extended to those who decide to support Maduro's move.
At the same time it is not yet clear whether the digital uniform of Caracas will be the model to look at or if instead they will want to try alternative ways in Havana, such as the exploitation of an existing system, for example Bitcoin or another token perhaps not characterized by price fluctuations such as those usual for the virtual currency attributed to Satoshi Nakamoto. To untie the knot could be the academic world that the Cuban government has called to collaborate on the initiative. In the meantime, however, rumors have started to circulate that the Cuban cryptocurrency could be named after Ernesto "Che" Guevara, hypothesis which seems made on purpose to implement its appeal, considering the fame that still characterizes the figure of the great Argentine revolutionary in most of the world.
