Cuba Bitcoin, a community of bitcoiners from this Caribbean island, is about to celebrate the first face-to-face meeting “BitcoinOnly” organized by them this Sunday, May 28.
PaZillo Bar is the place where the event will take place. It is scheduled to start at 1 PM, Cuban time, and will last until 4 PM. In it Tweet where they announced regarding this meeting, they clarified that admission to the event is freealthough it would be necessary to reserve it in advance.
According to Eventbrite, the tickets are sold out. However, the organizers clarified that the website only allows 30 tickets to be set aside for free accounts. for what they shared another tool so that more members of the Bitcoin community in Cuba can attend the meetup.
In the place, attendees will be able to pay for what they consume with bitcoins (BTC) via the Lightning Network. This was confirmed by the promoters of the meeting in the Telegram group where they keep in touch with the community.
The event will feature special guests. One of them is the journalist Joe Hall, also known on social media as @joenakamoto. They will also be accompanied by Paco from La India, a vlogger who is documenting his adventure of traveling through 40 countries in 400 days using only bitcoin as a form of payment.
Cuba’s relationship with Bitcoin and fiat money
Bitcoin has been gradually making its way among Cubans, who see in this currency an alternative to traditional fiat money and its limitations. Since September 2021, businesses in Cuba can accept BTC as payment for their products and services legally, as ruled by the Central Bank of this country.
CriptoNoticias recently reported that three Russian banks will open offices in Cuba, as part of the de-dollarization plan to which this country joined. The political tension that has existed between Cuba and the United States for decades is no secret. So it was to be expected that this country would join the initiative to set aside the US dollar in international and local trade.
It is expected that “in the very near future” it will be possible to pay with rubles in Cuban shops, cafes and restaurantssaid the vice president of the Russian government, Dmitri Chernyshenko.