According to Google Trends, Cuba is currently ranked second in terms of Bitcoin interestб behind only Nigeria.
The Federal Republic of Nigeria has headed the list since April 2020. South Africa, Cameroon, and Ghana are in the top 5 ‘bitcoin” search request.
Cuba’s rise in Bitcoin-related searches comes amid reports of Cubans increasingly turning to crypto to circumvent sanctions imposed by the US and gain access to digital financial services.
As major digital payment firms like PayPal and Stripe are reportedly not available for Cuban citizens, the global pandemic-fueled travel restrictions have made local payments even more complicated.
The mainstream adoption of cryptocurrencies has reportedly grown this year amid the ongoing global pandemic. African countries witnessed a massive growth in crypto adoption this year.