🚨 CRYPTO + SHIPPING: Iran Launches “Hormuz Safe” Insurance Platform...
Iran has reportedly launched a new crypto based maritime insurance platform called “Hormuz Safe” for ships moving through the Strait of Hormuz.
The platform is designed to provide insurance coverage for commercial vessels with some reports saying claims and payments can be settled using Bitcoin and other cryptocurrencies.
The timing is important.
Shipping risks in the region have surged because of ongoing geopolitical tensions and war risk insurance costs for vessels have increased dramatically in recent weeks.
Iran appears to be positioning Hormuz Safe as an alternative system that avoids traditional Western banking infrastructure and bypasses networks like SWIFT.
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