37.9K @MSBIntel BREAKING: Iran to charge Bitcoin fees for Strait of Hormuz transit.
Oil tankers may be required to pay in BTC during the ceasefire, per FT.
“Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in bitcoin, ensuring they can’t be traced or confiscated due to sanctions,”
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14.3K @Crypto_TomP 🇮🇷 Iran will require vessels passing through the Strait of Hormuz to pay tolls in #Bitcoin, per FT.
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2.9M @Cointelegraph 🇮🇷 NEW: Iran to charge oil tankers fees in Bitcoin to pass the Strait of Hormuz during ceasefire, per FT. https://t.co/cfJ8sVe07j
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Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.
