{"id":250251,"date":"2022-03-11T16:20:52","date_gmt":"2022-03-11T21:20:52","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=250251"},"modified":"2022-03-13T14:09:17","modified_gmt":"2022-03-13T18:09:17","slug":"new-system-for-remittances-to-cuba-enters-clean-money-outside-the-government-says-company","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba-usa\/new-system-for-remittances-to-cuba-enters-clean-money-outside-the-government-says-company\/","title":{"rendered":"New system for remittances to Cuba enters \u201cclean\u201d money outside the government, says company"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Canadian company RevoluGROUP, which last February began operating for the sending of<\/span><a href=\"https:\/\/oncubanews.com\/en\/tag\/remittances-to-cuba\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u00a0remittances to Cuba<\/span><\/a><span style=\"font-weight: 400;\">, affirmed this Tuesday that this money enters the island \u201cclean\u201d through its mobile application, according to a report by the EFE news agency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Emilio Morales, president of the Havana Consulting Group and vice president of the U.S. subsidiary of RevoluGROUP, indicated at a press conference in Miami that its mobile application RevoluSend sends the money to the beneficiary, avoiding those who are on the list of Cuban entities restricted by the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This system allows digital payments to be made between people who have this application, while those who have the debit card that the company also offers can withdraw money at ATMs affiliated with Visa and Mastercard, the news release specifies.<\/span><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"qNVr1PJDS2\"><p><a href=\"https:\/\/oncubanews.com\/en\/cuba\/canadian-company-starts-sending-remittances-to-cuba-with-permission-from-the-u-s-government\/\">Canadian company starts sending remittances to Cuba with permission from the U.S. government<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Canadian company starts sending remittances to Cuba with permission from the U.S. government&#8221; &#8212; OnCubaNews English\" src=\"https:\/\/oncubanews.com\/en\/cuba\/canadian-company-starts-sending-remittances-to-cuba-with-permission-from-the-u-s-government\/embed\/#?secret=ONMbat6Sm9#?secret=qNVr1PJDS2\" data-secret=\"qNVr1PJDS2\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">In addition, according to Morales, the system itself makes it possible to deposit the money received in three Cuban financial entities: the Banco Popular de Ahorro, the Banco de Cr\u00e9dito y Comercio and the Banco Metropolitano.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, he insisted that RevoluGROUP, which received the approval of the U.S. Department of the Treasury, \u201chas absolutely nothing to do\u201d with the Cuban government or public corporations, but instead \u201csneaks\u201d through the \u201ccracks\u201d of the island\u2019s state system.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cRevoluGROUP does not have a commercial contract with the Cuban government, nor will it have one,\u201d said Morales, who said that in the other 115 countries where the company operates, the governments have never asked them to sign agreements of this type. In his opinion, the \u201cabusive practice\u201d of going through the official system is the way for the Cuban authorities to \u201ckeep the remittances,\u201d something <\/span><a href=\"https:\/\/oncubanews.com\/en\/cuba\/cuban-government-does-not-have-a-direct-role-in-receiving-remittances-says-general-manager-of-fincimex\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">they deny doing<\/span><\/a><span style=\"font-weight: 400;\">\u00a0while assuring that the statements in this regard are false and politically intentional.<\/span><\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"1lQMU72Z5K\"><p><a href=\"https:\/\/oncubanews.com\/en\/cuba\/economy\/who-benefits-from-remittances\/\">Who benefits from remittances?<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Who benefits from remittances?&#8221; &#8212; OnCubaNews English\" src=\"https:\/\/oncubanews.com\/en\/cuba\/economy\/who-benefits-from-remittances\/embed\/#?secret=Rno5FK8zcz#?secret=1lQMU72Z5K\" data-secret=\"1lQMU72Z5K\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">The Central Bank of Cuba <\/span><a href=\"https:\/\/oncubanews.com\/en\/cuba-usa\/bcc-issues-note-on-revolugroup-canada-inc-and-remittances-to-cuba\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">confirmed last week<\/span><\/a><span style=\"font-weight: 400;\"> that RevoluGROUP has not signed any contract and indicated that the \u201cformality\u201d and \u201csecurity\u201d of its transactions are unknown.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this sense, Morales, who refused to reveal how much money has been sent to the island since the system began operating on February 28, thanked the \u201cunpaid advertising,\u201d because, he said, thousands of people began to download the application when the Bank of Cuba branded them insecure, the EFE report stated.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cFor the first time the Cuban citizen will be financially free,\u201d because the money will arrive \u201cclean,\u201d without passing through the hands of the island\u2019s authorities, said Morales, who hinted that the island\u2019s government cannot prevent it since it would get into a \u201cbig problem\u201d with Visa, Mastercard and the Swift international banking data system if it rejects the arrival of transfers because these are currently three of the main foreign exchange channels that Cuba has.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cuba is currently going through a difficult economic situation, increased by the impact of the pandemic and the Washington sanctions that, among other things, closed the tap on remittances from the U.S. They have been de facto paralyzed since November 2020, after the administration of then U.S. President Donald Trump prohibited any transaction from the United States with the Cuban state-owned Fincimex, which worked hand in hand with the Western Union company.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">EFE\/OnCuba<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emilio Morales, president of the Havana Consulting Group and vice president of the U.S. subsidiary of RevoluGROUP, indicated that its mobile application sends the money to the beneficiary avoiding those who are on the list of Cuban entities restricted by the United States.<\/p>\n","protected":false},"author":3134,"featured_media":250254,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13944],"tags":[14891,29122,34522],"ppma_author":[33546],"class_list":["post-250251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cuba-usa","tag-cuba-usa-relations","tag-remittances-to-cuba","tag-revolugroup"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New system for remittances to Cuba enters \u201cclean\u201d money outside the government, says company | OnCubaNews English<\/title>\n<meta name=\"description\" content=\"Emilio Morales, president of the Havana Consulting Group and vice president of the U.S. subsidiary of RevoluGROUP, indicated that its mobile application sends the money to the beneficiary 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