Well, the fact that Cuba’s Government is now willing to enter the crypto market is no more a secret. In fact, it was officially announced by the government while there was a ray of optimism among the officials as well as citizens.
A major piece of news came along when the renowned cybersecurity expert as well as tech entrepreneur, John McAfee expressed his willingness to act as a crypto adviser with the Cuba Government.
He wrote on his official tweet:
“Cuba is planning to use Cryptocurrency to get around the 63 years of economic strangulation imposed upon 14 million Cuban people by the insanity of the US Government. Finally, a large scale, real-world application for Cryptocurrencies. If Cuba wants my help, I am here.”
Cuba is planning to use Cryptocurrency to get around the 63 years of Economic Strangulation Imposed upon 14 million Cuban people by the insanity of the US Government. Finally, a large scale, real world application for Cryptocurrencies. If Cuba wants my help, I am here. pic.twitter.com/zgHUNwRcdE
— John McAfee (@officialmcafee) July 3, 2019
McAfee pronounced his expectations not long after Cuba’s administration authorities uncovered their goal to build up a digital currency to be utilized to keep away from monetary authorizations forced by the United States.
As indicated by Reuters, McAfee guaranteed that the cryptocurrency project undertaking isn’t just practical, but instead basic. So basic, truth be told, that he even offered his direction pro-Bono
He also said:
” It would be trivial to get around the U.S. government’s embargo through the use of a clever system of currency. So I made a formal offer to help them for free on a private channel… through Twitter.”
Moreover, as per the tech master, the way to Cuba’s fruitful improvement of cryptographic money is to adjust it to its world as a nation.
While expressing his views on the successful execution of a coin in the market, he said:
“You can’t just create a coin and expect it to fly.
You have to base it on the proper blockchain, have it structured such that it meets the specific needs of a country or economic situation.”