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

  • CointimeSG ·

    Decoding Bitcoin MEV: Insights and Implications

    The concept of Bitcoin MEV (Miner Extractable Value) emerged as early as 2013. Although fairly nascent relative to MEV on Ethereum, the burgeoning Bitcoin ecosystem with the introduction of metaprotocols such as BRC-20s, Ordinals, Runes promises to bring more programmability, expressivity, and MEV opportunities in future.

    Decoding Bitcoin MEV: Insights and Implications
  • CointimeSG ·

    Bitesize Insights: BTC active addresses accelerate - what about TON, BNB, and SOL?

    Glassnode now supports BNB and TON metrics, enabling ecosystem analysis across chains. Read below to see how you can perform a simple yet effective comparative analysis of key fundamental data with Bitcoin's $100K milestone as a backrop.

    Bitesize Insights: BTC active addresses accelerate - what about TON, BNB, and SOL?
  • CointimeSG ·

    Volume 210: Digital Asset Fund Flows Weekly Report

    Bitcoin ETFs saw the largest inflows on record last week totalling US$3.12bn

    Volume 210: Digital Asset Fund Flows Weekly Report

  • OpenTrade announces $4 million seed extension round led by AlbionVC

    OpenTrade has announced the completion of a $4 million seed extension financing round to build RWA-supported loan and stablecoin yield products. This round of financing was led by AlbionVC, with participation from a16z Crypto and CMCC Global. OpenTrade plans to use the funds to expand its operations and enhance its product capabilities.

  • BNB Chain Ecosystem Re-staking Infrastructure Kernel Receives Investment from Binance Labs

    BNB Chain's ecological re-staking infrastructure Kernel has announced that it has received investment from Binance Labs. As of now, its total financing amount has reached 10 million US dollars, with main investors including: SCB Limited, Laser Digital, Bankless Ventures, Hypersphere, Draper Dragon, DACM, CYPHER, ArkStream Capital, HTX Ventures, Avid VC, GSR, Cluster Capital, Longhash Ventures, Via BTC, Side Door Ventures, NOIA, and DWF Labs. It is reported that Kernel's mainnet is about to be launched. Kelp provides users with support for Ethereum liquidity re-staking services based on rsETH, while Gain provides DeFi, CeDeFi, and RWA income products. KERNEL tokens are designed to unify the governance and incentive mechanisms of Kelp, Kernel, and Gain, while providing rewards for early supporters of ecosystem development.

  • Morgan Stanley: The U.S. dollar will peak before the end of the year and enter a "bear market pattern" in 2025

    Morgan Stanley predicts that the strong US dollar will peak before the end of the year and then enter a "bearish market trend", slowly declining until 2025. The bank believes that due to the Bank of Japan's rate hikes and gradual easing actions by the Reserve Bank of Australia, the potential for the yen and Australian dollar to rise next year is the greatest.

  • Equation News calls out Binance for "insider trading": You are destroying the sentiment of the trading market

    On November 25th, Formula News reported that to those insider traders who participated in the listing of Binance perpetual contracts, please slow down when selling your chips next time. The WHY and CHEEMS crashes you caused resulted in a 100% negative return for everyone involved in the trade, and you are destroying the emotions of the trade. Earlier today, Binance announced the listing of 1000WHYUSDT and 1000CHEEMSUSDT perpetual contracts, which caused a short-term crash in WHY and CHEEMS and sparked intense discussion within the community.

  • U.S. Congressman Mike Flood: Looking forward to working with the next SEC Chairman to revoke the anti-crypto banking policy SAB 121

     US House of Representatives will investigate Representative Mike Flood's recent statement: "Despite widespread opposition, SAB 121 is still operating as a regulation, even though it has never gone through the normal Administrative Procedure Act process." Flood said, "I look forward to working with the next SEC chairman to revoke SAB 121. Whether Chairman Gary Gensler resigns on his own or President Trump fulfills his promise to dismiss Gensler, the new government has an excellent opportunity to usher in a new era after Gensler's departure." He added, "It's not surprising that Gensler opposed the digital asset regulatory framework passed by the House on a bipartisan basis earlier this year. 71 Democrats and House Republicans passed this common-sense framework together. Although the Democratic-led Senate rejected it, it represented a breakthrough moment for cryptocurrency and may provide information for the work of the unified Republican government when the next Congress begins in January next year."

  • Indian billionaire Adani summoned by US SEC to explain position on bribery case

    Indian billionaire Gautam Adani and his nephew, Sahil Adani, have been subpoenaed by the US Securities and Exchange Commission (SEC) to explain allegations of paying over $250 million in bribes to win solar power contracts. According to the Press Trust of India (PTI), the subpoena has been delivered to the Adani family's residence in Ahmedabad, a city in western India, and they have been given 21 days to respond. The notice, issued on November 21 by the Eastern District Court of New York, states that if the Adani family fails to respond on time, a default judgment will be made against them.

  • U.S. Congressman: SEC Commissioner Hester Peirce may become the new acting chairman of the SEC

    US Congressman French Hill revealed at the North American Blockchain Summit (NABS) that Republican SEC Commissioner Hester Peirce is "likely" to become the new acting chair of the US Securities and Exchange Commission (SEC). He noted that current chair Gary Gensler will step down on January 20, 2025, and the Republican Party will take over the SEC, with Peirce expected to succeed him.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company