John McAfee lately stated his willigness to collaborate with Cuba’s government as a crypto advisor.
McAfee declared his intentions not long after Cuba’s government authorities disclosed their purpose to establish a cryptocurrency to be used to prevent financial sanctions imposed by USA.
According to Reuters, McAfee guaranteed that the cryptocurrency job is not just sensible, but instead basic. So straightforward, in fact, that he also offered his guidance done for free.
“It would be trivial to get around the U.S. government’s embargo through the use of a clever system of currency. So I made a formal offer to help them for free on a private channel… through Twitter,” he said.
The use of cryptocurrency to navigate US sanctions is an idea that appears directly motivated by Venezuela’s efforts to create its own digital money for the profession. However, McAfee condemns previous failures on false assumptions.
“You can’t just create a coin and expect it to fly,” he claimed.
According to the technology expert, the secret to Cuba’s effective development of a cryptocurrency is to adjust it to its truth as a nation.
“You have to base it on the proper blockchain, have it structured such that it meets the specific needs of a country or economic situation,” McAfee said.