JUST IN: 🇮🇷 Iran launches Bitcoin-backed insurance service for shipping companies wanting to transit the Strait of Hormuz. https://t.co/J7BuMAiGgb ...

Bitcoin Now Insures Strait of Hormuz ShippingIran has officially introduced the first-ever Bitcoin-backed insurance program for commercial vessels navigating the Strait of Hormuz.According to Bloomberg reports, the Iranian maritime authority is bypassing traditional Western insurance cartels by using $BTC as the primary collateral for shipping indemnity.This move aims to secure transit for oil tankers amid rising regional tensions, providing a decentralized guarantee for global shippers. ...

🇮🇷 NEW: Iran is reportedly considering a Bitcoin-based insurance system for ships passing through the Strait of Hormuz. https://t.co/xXZ3ciUeg8 ...

Iran Launches Bitcoin-Settled Maritime Insurance Platform Hormuz SafeIran has launched Hormuz Safe, a state-backed digital maritime insurance platform for vessels transiting the Persian Gulf and the Strait of Hormuz, supporting settlement in Bitcoin and other cryptocurrencies. Backed by Iran’s Ministry of Economic Affairs, the platform aims to bypass SWIFT and Western intermediaries. Iranian government insiders reportedly estimate that the platform could generate over $10 billion in revenue if it captures a ...