Bitcoin payments accepted for tanker tolls

Iran is now accepting Bitcoin for tolls on its Hormuz tankers, aiming to collect up to $2 million per ship. This move signals a growing adoption of cryptocurrency for international trade and potentially bypasses traditional financial sanctions. The decision by Iran highlights a shift in how nations are exploring alternative payment methods to facilitate commerce, especially in the face of economic restrictions. This development could pave the way for broader cryptocurrency integration in global logistics and trade finance.