---
title: "Bad news for Cubans, good news for crypto. "Western Union closed its…"
date: 2020-11-25
source: facebook
type: Archer T. Ships shared a link.
---

# Bad news for Cubans, good news for crypto. "Western Union closed its…

*November 25, 2020 · Facebook*

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[https://nbcnews.to/2J4MHyV](https://nbcnews.to/2J4MHyV){target="_blank"}
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Bad news for Cubans, good news for crypto.\
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\"Western Union closed its 407 locations across Cuba on Monday, a sanctions-driven move that will leave thousands bereft of remittances on an island that depends heavily on them --- or force them to use less reliable ways to bring in money.\
The closure of offices that have operated for more than 20 years in Cuba resulted from a barrage of sanctions that the administration of U.S. President Donald Trump imposed while courting conservative Cuban-American voters in Florida ahead of the Nov. 3 election.\
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"The problem is not the closure of Western Union, but that Western Union is practically the only U.S.-to-Cuba provider of remittance payments," said Manuel Orozco, director of the Center for Migration and Economic Stabilization at Creative Associates International, a development-oriented advisory firm in Washington, D.C. "The impact will be felt."\"
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