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TechFlow news, April 19: According to a Cointelegraph report, Iran has begun using Bitcoin for settling oil transit fees in the Strait of Hormuz. However, insiders indicated that stablecoins still handle the majority of actual fund flows. The report noted that although Bitcoin is employed in related payment arrangements, stablecoins remain dominant at the level of actual fund settlement.
According to Cointelegraph, Iran has used Bitcoin to settle oil transit fees in the Strait of Hormuz. However, insiders say stablecoins still handle the majority of actual fund flows. The report states that although Bitcoin is used in related payment arrangements, stablecoins remain dominant at the level of actual fund settlement.
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