Italian-Cuban entrepreneur launches Cuba’s first decentralized Bitcoin exchange, While most crypto businesses keep out of Cuba due to regulatory uncertainties and hefty American sanctions, Italian-Cuban entrepreneur Mario Mazzola developed and deployed Cuba’s first peer-to-peer Bitcoin (BTC) exchange.
Mazzola defines Bitcoin as a necessity for Cubans, but with most services blocking users, they fail to reap the benefits. In such a situation, he adds, Qbita will serve as their tool to buy, sell, use and store Bitcoins easily and safely.
Before launching the Qbita exchange this month, he had already launched the Qbita Bitcoin wallet in November 2019. The wallet is specifically designed keeping in mind the slow internet services in Cuba, which is why it is just 1MB in size and can function with a basic internet connection.