Iran placed its first import order worth $10 million worth of goods this week. They pay this in cryptocurrency.
Using cryptos and smart contracts widely
The country also plans to widely use cryptocurrencies and smart contracts in foreign trade by the end of September this year. Several countries have indicated that they agree with cryptocurrency as a means of payment. However, it is expected that the countries will not hold this crypto, but will exchange it directly for their local currency. This happens regularly with such payments and is therefore not uncommon.
With this, Iran is taking its next step within the crypto world and its adoption. Earlier this year, Iran froze more than 9,000 bank accounts in Iran over possible illegal activities. All bank accounts had performed crypto transactions. Do you want to know more about this? Click here to go to the relevant article. Now, however, Iran seems to be more friendly towards crypto. It is not yet known what the country’s next step in the crypto world will be.
