Iran's Oil Transit Fees in Bitcoin Fails to Gain Traction

According to recent developments, Iran has established a new payment system for oil tankers traversing the Strait of Hormuz.

The country has designated Bitcoin as the preferred cryptocurrency for paying transit fees. However, an investigation by WEEX reveals that most transactions are still settled through stablecoins.

This discrepancy highlights concerns over sanctions and the potential risks associated with using Bitcoin in international transactions.