By: Franyi Sarmiento, Ph.D., Inspenet, August 12, 2022
Iran’s Deputy Minister of Industries and Trade, Peyman Pak, informed through the social network Twitter that they used cryptocurrencies as a form of payment for importing goods for an amount of USD 10 million.
“This week saw the successful registration of the first official import order with a cryptocurrency worth $10 million,” Pak commented on Twitter.
Although Pak does not specify which cryptoasset was used in the negotiation it is presumed the use of BTC, considering that the country allows the use and mining of Bitcoin. And although this is a changing policy, possibly that digital asset has been the one used in the payments.
This payment appears to be the first of many initiatives that will have digital assets at their core for Iranian foreign trade.
In this regard, Pak made it known that, next September, the use of cryptocurrencies and smart contracts will be “generalized in foreign trade” with countries doing business with Iran.
Foreign trade using bitcoin (BTC) and cryptocurrencies as a means of payment opens up new opportunities for Iran, which is currently facing economic sanctions implemented by the United States.
This material from Criptonoticias.com was edited for clarity, style and length.
Source: https://www.criptonoticias.com/comunidad/adopcion/iran-pago-millonario-bitcoin-importacion-bienes/
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