John McAfee Offered Cuban Goverment To Help With His Services On Crypto
John McAfee praised the decision and offered help the Cuban government after it made an announcement of utilization of cryptocurrency on an international scale.
The nation of Cuba has formally made an announcemento of it's plans to utilize cryptocurrency on an international scale, and this decision made John McAfee happy who offered to help the Cuban Goverment with his services. John tweeted:-
"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. "
According to a report by Reuters, Economy Minister Alejandro Gil Fernandez said the following regarding Cuba’s plan to utilize crypto:-
“We are studying the potential use of cryptocurrency…in our national and international commercial transactions, and we are working on that together with academics.”
Venezuela has gone the furthest with its “Petro,” but it was not successful. North Korea has also been using blockchain technology. Rather than launch a coin, Kim Jong Un has preferred to go the route of mining and theft to line his coffers.
McAfee might not care what the United States thinks, but many cryptocurrency advocates may have concerns. Cuba is probably only seeking to utilize digital currency as a means of evading U.S. sanctions. Sanctioned nations like Venezuela, Russia, and Iran have all floated the idea of using crypto as a means of trading internationally.
It remains unclear what form of cryptocurrency might emerge from Cuba’s research. What is clear is that John McAfee would love to simultaneously help develop “Cuba Coin” while thumbing his nose at the Federal Government.