Paypal and Stripe Eager To Service Cuba

We’re all for building bridges –  Fortune magazine is reporting that both Paypal and Stripe are actively soliticing business in Cuba.  

 

Check out these two articles:

http://fortune.com/2016/03/21/paypal-cuba-xoom/     —  “PayPal CEO Dan Schulman, who is visiting Cuba this week along with President Obama, U.S. Secretary of Commerce Penny Pritzker, and many other CEOs, said that PayPal would start allowing money transfers to and from Cuba later this year.”  Schulman said the opportunity for expansion is huge in Cuba, where $2 billion in cash is sent from the U.S. to Cuba annually. 

 

http://fortune.com/2016/03/18/stripe-cuba/  –  About Stripe and Cuba