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Iran is using btc to settle international trade transactions[1]. Using a gold backed coupon for settling trade has been talked about for a really long time by a
by RamshackleJ 6y ago
Iran is using btc to settle international trade transactions[1]. Using a gold backed coupon for settling trade has been talked about for a really long time by a bunch of people. If you're confused why people are speculating about crypto they might know something you don't. The rewiring of the global economy off of the USD _is_ coming, the USD introduces counter-party risk (albiet small for most people) and if btc can avoid that its an improvement.
1 https://news.bitcoin.com/iran-bitcoin-sanctions-inflation/#:~:text=0-,Iran%20Adopts%20Bitcoin%20for%20International%20Trade%20Amid%20Heavy%20Sanctions%2C%20Falling,imposed%20by%20the%20U.S.%20government https://news.bitcoin.com/iran-bitcoin-sanctions-inflation/#:....