Iran wants Bitcoin as payment to guarantee ships safe passage through the Strait of Hormuz – FT

Iran’s reported Bitcoin tolls at Hormuz point to a new use case for crypto, sanctions-resistant trade infrastructure Iran is reportedly planning to charge oil tankers a Bitcoin-denominated toll for passage through the Strait of Hormuz. The move would be significant as it extends beyond price action, ideology, or adoption rhetoric. The development places Bitcoin inside a coercive trade corridor, where settlement speed…