Version 6.0
Bitcoin in Cuba is a real necessity, to mitigate the problems of financial exclusion suffered by the Cuban people due to the economic and commercial blockade imposed unilaterally and illegally by the US.
As a direct consequence of these sanctions, in 2019 Cubans still do not have access to many modern financial services such as Visa, Mastercard, AmericanExpress, PayPal, Skrill, Stripe or other international electronic payment gateways.
The development of the Paycadena Bitcoin Exchange was inspired by the heroic resistance of the Cuban people, who are facing financial censorship from the powerful enemy of the North.
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With Paycadena it is possible to buy and sell Bitcoin in Cuba in a completely safe way.
Paycadena guarantees the security of sellers and buyers thanks to the MultiSig technology of the Bitcoin protocol, reducing the risk of scams to zero.
In addition, since Paycadena is a decentralized Exchange, not Custodial and P2P (the user So-and-so sells to the user Mengano), sales are perfectly legal.
Watch the video to see how the secure counterselling process works at Paycadena.
Not all Cubans have family and friends abroad who can send MLC to their card.
These people, in many cases, can get MLC only through the informal market, where exchange rates will be applied that can reach up to 40 cup for each US Dollar deposited on the card in MLC.
Thanks to Bitcoin, there is a more profitable alternative to acquire MLC in Cuba.
To get MLC it is enough to sell Bitcoin in Paycadena specifying MLC (Freely Convertible Currency) as payment method.
The buyer (another Paycadena user) pays for the Bitcoin via an MLC balance transfer to the seller's card.
Depending on the demand/supply ratio of Bitcoin in Cuba at the time the exchange operation is executed, it is possible that, by selling Bitcoin for MLC in Paycadena, the user enjoys positive exchange rates (positive seller margin).
EXAMPLE: specifying MLC as the payment method, the user Fulano sells 100 usd in Bitcoin in Paycadena to the user Fulano applying a margin of 2%. MEngano pays the Bitcoin to Fulano through Transfermovil.
So-and-so receives 102 MLC on his card that same day. Without tails.
Cheap, fast and easy.
The Paycadena exchange is characterized by its ease of use. The User only needs to click a few buttons to benefit from the latest in Bitcoin technology:
All without forcing the User to graduate in computer science
Watch the video to discover how to create your account in Cuba's #1 Bitcoin Exchange in 1 minute.
If you want to learn more about Bitcoin, check out all the Paycadena tutorials on our YouTube channel or directly on our site .
The Paycadena Exchange, in addition to being a Native Android application, is also a Web Exchange, which can be used through all the most common browsers (such as Chrome, Firefox, Opera, Safari and Edge) with all Operating Systems (Microsoft, Linux, IOS) and all devices (laptop, tablet and mobile).
In addition, since Exchange Paycadena is a Progressive Web App, it can also be downloaded on IOS devices and can be used as if it were a native application.