They had credit cards? From American companies? I didn't know.
Edit: oh wait, now there's tourism too, so probably they accept creditcard.
I doubt Cubans can pay with it too. If anyone knows more about it, please tell me!
Can't wait for European alternatives tbh
Go on crypto bros! I'm sure Cuba will be open to ideas on how to not die. Now's your chance to prove blockchains are a real alternative!
No?...Yeah that's what I fucking thought bitch.
Crypto would be great if it wasn't crypto.
Maybe they could implement the Brazilian PIX while they are at it?
Canadian Interac might be good option as well, since Canadian Mint already prints Cubas cash already apparently
My Canadian friends constantly flex about how great their vacations to cuba are. Very envious.
Because there's no other place to go that's similar? There is.
Because there's less Americans and we get recognizes as Canadian more often than not
Beautiful country, tropical beaches with wonderful people and classic cars fucking everywhere?
Cuba is definitely fairly unique culturally at least. If you mean warm places where people speak Spanish then yes there's plenty.
Long live cuban revolution
I'm surprised Visa and Mastercard were allowed to operate in Cuba before this. Most US financial companies don't serve the five countries on the US's naughty list: Cuba, North Korea, Iran, Venezuela, and Russia.
It was likely part of the veradero tourist project Fidel worked out when they relaxed some rules to build more tourism. Cuba used to have a domestic currency and an international currency that was just 1:1 whatever the USD was trading at. I think they already abandoned that years ago
Those two companies have a lot more power and influence than I think they actually want anyone to grasp
Should be 100% nonprofit and owned by the public. Totally worthless to humanity that they remain as businesses.
Most of what they do should just be FOSS anyway or the equivalent.
Or at least, diversified so it's not only those two, and there's a multitude of options.
A fair few countries do that, for example, with payment being diversified into other systems like Alipay, and the other QR-based payment systems. Australia has EFTPOS, HK lets you use your Octopus to buy things in addition to paying for the train fare.
Otherwise, you'd be in trouble if MasterCard/Visa decided that they didn't like something you did very much, so you're barred from their services.
Hope to see other countries do it as well soon!
The EU is establishing their own alternative to Visa and Mastercard. I wonder if they give the US the finger and let Cuba process payments with them.
And dump the US as the petrodollar!!!
You mean pedodollar?
Yes I mean that.
It's in the works already, and the Iran fuckup accelerated it. The yuan and the digital yuan are going to take over.
Best news ever. Fuck the US.
Godspeed Cuba.
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