US-Cuba Bitcoin Trade Breaks Ice

According to FX168, the price of Bitcoin fluctuated at a low level in the Asian session on Friday (August 14), continuing its previous weak performance.

The quotes released by BITSTAMP show that Bitcoin/ US dollar (XBT/USD) fell from below 264 to around 255, fluctuated at a low level during this trading day, and is currently trading at the 256 level.

The quotes released by KRAKEN show that Bitcoin/ Euro (XBT/EUR) fell from the 240 level to below 236, fluctuated at a low level during this trading day, and is currently trading at the 236 level.

On the industry front, as diplomatic relations between the United States and Cuba eased, the first Bitcoin transaction between the two countries was completed this month. The idea of ​​exchanging Bitcoin between the two countries was proposed by Fernando Villar, founder of BitcoinCuba.

Fernando Villar said, “I thought the idea of ​​transferring Bitcoin from the United States to Cuba through the public network was cool. So I completed the deal with Chris Groshong, CEO of CoinStructive.”

It is reported that the transaction was transferred by Chris Groshong using the Airbitz wallet from Santiago, and Fernando Villar received the Bitcoin using the wireless public network Nauta while visiting Cuba.

This event will go down in the history of Bitcoin trading as it was the first legal transaction between the United States and Cuba.

(Bitcoin/USD time-sharing chart source: Bloomberg, FX168 Financial Network)

(Bitcoin/Euro time-sharing chart source: Bloomberg, FX168 Financial Network)

At 12:25 Beijing time on August 17, Bitcoin/USD was 256.74 and Bitcoin/Euro was 236.59.