Iran Uses Bitcoin to Build a SWIFT-Free Shipping System. The system would allow vessels to pay insurance premiums in Bitcoin, bypassing SWIFT and Western sanctions.
Posted by Anen-o-me@reddit | Libertarian | View on Reddit | 5 comments
EV_M4Sherman@reddit
A SWIFT free extortion system
FTFY
skiphandleman@reddit
Shocking. Maybe my bitcoin will go back up.
Wakawaka3514@reddit
I could see the US or others absolutely cracking down on crypto because of this. It was nice while it lasted at least.
Anen-o-me@reddit (OP)
It can't be done without shutting off the Internet.
AlphaTangoFoxtrt@reddit
And this is why governments hate crypto. They can't control it and lock you out.
Same reason some places are trying to ban cash transactions over $X. They can't control it as easily as they can control card transactions.