Blockchain for Cuba: Revolupay
Can a blockchain help Cuba's nascent US tourist business? As we all know, there's been a decades long blockade of Cuba which President Obama rolled back, but there's still a problem with tourism due to the absence of a payment systems infrastructure (thanks to said previous sanctions). Steve Marshall of Cuba Ventures has come up with Revolupay. ¡A means to bring remittances and tourists to Cuba with a travelcoin!
Take a look at Max Keiser's interview with the guy (from 12.35) and let me know what you think in the comments below:
They should just use STEEM and forget travelcoin since its best to SIMPLY use Steem/SBD
And EOS could really be interesting, i know Cuba has a Sneaker net
This is such a great idea!!
nice
Only true genius could revolutionaze by blockchain the country with no internet.
Like Obama declare a cyberwar on a country with no electricity.
hahaha.
So true
Wonderful idea...... Blockchain in Cuba will help override a lot of restrictions
good post!
though the jp morgan company is strongly opposed to blockchai but I think it will be something that will lead to significant progress on this work. this is something everyone wants.
this will be a new revolution that will bring about drastic changes. I think with blockchain there will be nothing to lose because blockchain is a cutting-edge technology that will bring civilization of the human economy to a very positive thing. this is a very interesting thing in my opinion. thanks so much
As someone who has been to Cuba recently... the problem is restriction to internet. The government highly controls it. You can only access the internet with a special wifi card in a handful of designated wifi access points in each city. It's very expensive: $1 to $3 an hour, when the average monthly salary is $20 to $40. You can imagine the government will closely monitor activity, punish those who try to do anything against the state and shut down all websites promoting something like this.
i’m not cuban, but I’ve coordinated events with cubans en sitio over email. I wish the best to crypto in Cuba, but the internet situation is incredibly depressing. often my colleagues couldn’t download the tiniest of files.
Instead of inventing Another crypto they should just use Steemit. I see people from Asia making blogposts about using steem (not sure steem or sbd?) to buy stuff in stores. There are so many cryptos they don't need to invent one. Just pick a good one or ten and use it.
Agree their are to many cryptos and only a few actually are worth anything. The Asian market seems to love this place and use steem constantly from observing posts here. We don't need more cryptos but more specific adaptions we have here. Cuba got a bad rapport from the New York news channels. People from the US have complained about hearing loss from staying overnight there at one place. With negative press like that it will take a while to become popular with US Tourists.
Between 1999 and 2001, Steve Marshall, CEO of Cuba Ventures, pioneered the first Cuban remittance and online store, not unlike today’s Amazon, called “Cuba Gift Store”. Knowledge gleaned from, what was then a ground-breaking venture, allied to today’s modern mobile app, blockchain and overall advances in technology mean that the many manual processes needed almost two decades ago are now easily automated through disruptive technology such as the blockchain. The company feels that today’s Cuba, with its extensive use of mobile technology, nationwide cellular network and thousands of Wi-Fi hotspots, creates a fresh and, currently untapped, opportunity in the $3.4 Billion remittance and $750 Million private enterprise sectors.