Iran Launches Bitcoin-Backed Insurance Service ‘Hormuz Safe’ For Hormuz Strait Shipping
Iran has reportedly launched a Bitcoin-backed insurance service dubbed ‘Hormuz Safe’ for companies looking to transit the Strait of Hormuz. This comes amid the U.S.-Iran war, which has effectively shut this major oil chokepoint since the war began in February. Iran Starts ‘Hormuz Safe’ For Strait of Hormuz Shipping According to a Bloomberg report, the
The post Iran Launches Bitcoin-Backed Insurance Service ‘Hormuz Safe’ For Hormuz Strait Shipping appeared first on CoinGape.