MIAMI, United States. — The US company Vaycaychella, Inc. (VAYK) recently announced its intention to expand its business in Cuba after the relaxation of sanctions announced by the Biden administration.
It is a technology company specializing in obtaining financing to buy and lease income-generating vacation properties.
It is not the first time that VAYK shows interest in the Cuban market. According to the portal GlobeNewsWireAs early as 2018, the company launched a pilot short-term vacation rental business in Cuba, on the outskirts of Havana.
VAYK also supported the renovation of ten Art Deco-style beach properties originally built in the 1930s and 1940s that now serve as vacation destinations available through Airbnb and VRBO. The company has also added a small boutique hotel in Havana.
Add GlobeNewsWire that the investment in Cuba served as a model for the design and launch of Peer-2-Peer, an alternative financing application that was awarded last year.
Investment with cryptocurrencies
VAYK’s goal on the Caribbean island is to launch a new program to expand its operations and open business opportunities to more investors and entrepreneurs.
The managers of the American company will now seek to invest in short-term vacation rental projects in Cuba through the purchase of cryptocurrencies.
GlobeNewsWire indicates that the company is organizing an initiative to raise funds through the issuance of an initial cryptocurrency to finance additional properties in the same neighborhood where the existing short-term vacation rental properties in the pilot project are located.
Information appearing in the own official Web of VAYK notes that the company was acquired in 2020 by a micro-cap public company listed on OTC Markets. According to the official VAYK website, the operation sought to give the company access to capital markets available to public companies.
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