Copy and Pasted articleThere ya go Jaytee. Credit to the poster of the original link:
I got a call this morning from another blockchain deal that makes sense, this one in the developing world remittance game, in Cuba Ventures (CUV.V).
CUV is a company that has existed for some time now, having been started as a travel marketing firm and with a CEO who has founded, grown, and sold several big companies across the world in that same sector. But when blockchain emerged, they had a ready made use for it that makes a ton of sense, in setting up blockchain platform that will allow folks sending money to Cuba to do so using a blockchain-based mobile app called RevoluPay.
How much money is sent back to Cuba each year? Oh, only $3.4 billion. Western Union takes 20% of much of that cash. RevoluPay thinks 10% makes sense.
In effect, this is exactly what the decentralized cryptocurrencies were built for. Change your dollars, which are hard to transfer, to RevoluPay’s CCU coin, send the coin to Cuba, where it’s exchanged for Cuban currency with a much smaller commission paid. Meanwhile, Cuba Ventures owns 400+ Cuban travel websites, which provide them with 35 million visitors annually to sell RevoluPay to as a travel currency.