Iran starts using crypto for international trade settlements

Iran has officially started using crypto for its imports. While it was not specified if the country used Bitcoin (BTC) or Ethereum (ETH) for a recent import order, reports say that the country plans to widely use cryptocurrencies and smart contracts for its international trades by the end of September this year. After decades of struggling with economic sanctions, a senior government official revealed that Iran has placed its first international import order using crypto. In a Twitter post on Tuesday, August 9, Irans Deputy Minister of Industry, Mine Trade Alireza Peyman-Pak said that the...



source: https://tokenpost.com/Iran-starts-using-crypto-for-international-trade-settlements-9729

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Source: NewsService