He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. “Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can’t be traced or confiscated due to sanctions,” Hosseini added.
People who say that crypto has no application are just thinking inside the imperial bubble.
Nobody doubts that ransom is an application for crypto.
protection money, highway robbery
But there are very good reasons why Bitcoin is very far from mass adoption as an actual currency.
The problem is the volatility. It would destroy most people.
People have always known that crypto who is very good for crime.
Crime was the first adopting use, but not the last. Even the US recognizes its value by having a strategic reserve.
That says “proposed” - not implemented, though?
And if it’s under Trump’s administration, I can’t take anything like that as any indication of reason or sustainability.
Trump is part of crime.