Cuba and Venezuela: Cryptocurrency as a Financial Solution

Cuba and Venezuela: Cryptocurrency as a Financial Solution



hey everybody crypto mentor 99 how you doing so I'm going to make this last video about Cuba and Venezuela two areas of the world that are extremely special to me I have been to Cuba numerous times I have never been to Venezuela although I have friends in Venezuela that have visited the United States and in December I had a group of 8 Venezuelans up from Caracas and I did a video with Ruben remember with Ruben and we talked about the scarcity of food and yeah it was just terrible anyhow let's talk about Cuba Cuba eyes cryptocurrency as a solution to sanctions comma financial loans there are a lot of financial woes in Cuba Cuba has announced it is considering again considering the use of cryptocurrency in order to bolster its finances according to a report from SBS – aap the country is communist government announced on the state-run TV that it would potentially use a crypto as part of a package aimed to boost incomes for a much as much as a quarter of Cubans and assist them with their market reforms the move is possibly influenced by the nations ally Venezuela which lost its own petrol current cryptocurrency last year that's going to be my next article that i'ma talk about so like Venezuela Cuba is suffering from tough us-led sanctions has also seen a drop-off an aid from Venezuela which is undergoing both financial and political crisis of its own yeah if you're following Venezuela you know exactly but what I'm talking about anyhow this is a article on Cuba is from coin desk it'll be the description box below now let's head on over to another article on coin desk about Venezuela's Maduro orders top bank to make petrol available to the public venezuela's President Nicolas Maduro has ordered one of the nation's largest banks to allow customers the access to his controversial crypto currency the petrol the Venezuelan Ministry of Finance tweeted the news on Monday I'm sorry on Wednesday at an event marking the tenth anniversary of the Bank of Venezuela how timely Banco de Venezuela it would be an understatement to say that cryptocurrency would be able to help Cuba and my friends in Venezuela as well what's going on in those two countries are absolutely heartbreaking and again I have never been to Venezuela but I have been to Cuba that's sad lots of friends I have lots of poor friends that are in need anyhow my friends will get involved in crypto currencies no matter what country or continent they are located anyhow crypto mentor 99 thanks for watching thanks for subscribing and yeah let me know what you think see you later bye bye

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