As President Obama announced his dramatic changes to US relations with Cuba, he explained to Americans that they'll be able to send more money to the country in the future.
"I also believe that more resources should be able to reach the Cuban people," he said. "So we're significantly increasing the amount of money that can be sent to Cuba and removing limits on remittences that support humanitarian projects, the Cuban people and the emerging Cuban private sector," he said.
Obama said that increased commerce between the two countries would help its citizens, and explained that Americans would now be able to use their credit and debit cards on the island.
He also revealed that U.S. financial institutions would be allowed to open accounts at Cuban financial institutions.
"Nobody represents America's values better than the American people and I believe this contact will ultimately do more to empower the Cuban people" than sanctions have, he assured the nation.
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