Bitcoin Hormuz | Crypto

IRGC-affiliated Fars News reported on May 16 that Iran launched a platform called Hormuz Safe, offering digital insurance for vessels transiting the Strait of Hormuz with premiums settled in Bitcoin. A document cited by Fars's reporter indicated Iran's Economy Ministry had been developing the mechanism since early May, with projected revenue above $10 billion. The […] The post Bitcoin Hormuz payments for ship insurance will test crypto’s neutral money thesis appeared first on CryptoSlate.