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Iran Doubles Down on Bitcoin for Ships Passing Through the Straight of Hormuz

  • Rhett Jones--Gizmodo.com
  • published date: 2026-05-18 21:10:29 UTC

Collecting bitcoin for safe passage while also collecting bitcoin for insurance in case the safe passage doesn't work out.

According to reports out of Iran, the country is launching an insurance program for vessels traveling through the Strait of Hormuz that will pay out claims via Bitcoin. This follows a previously anno… [+4532 chars]