On The Brink with Castle Island Boaz Sobrado on Bitcoin adoption trends in Cuba (EP.173)
Feb 1, 2021
46:03
Boaz Sobrado, data analyst and the founder of whynotcuba.com joins the show to talk about trends in Cuban Bitcoin adoption. In this episode:
- How Boaz came to start an ecommerce company in Cuba and how Bitcoin became relevant to him
- The structure of Bitcoin trading markets in Cuba
- How Bitcoin currently trades in Cuba
- Drivers of Bitcoin adoption in Cuba
- Why Cuba until recently hasn't been known as an important jurisdiction for Bitcoin
- Why Cuba doesn't show up in the typical proxies for bitcoin usage
- Why internet penetration in Cuba is accelerating Bitcoin adoption
- How Bitcoin is incorporated into the remittance flow in Cuba
- How the Cuban regime thinks about and talks about Bitcoin
- The history of Cuba's three simultaneous sovereign currencies
- How the sovereign currency transitions are a means for the government to acquire hard currency at the expense of savers
- The key factors supporting a wave of Bitcoin adoption in Cuba today
- How Bitcoin markets permit the pricing of the black market peso rate
Content mentioned in this episode:
- Boaz Sobrado, A Day Using Money in Cuba
- Boaz Sobrado in Decrypt, Why Cuba is Primed for Bitcoin Adoption