Iran has launched a Bitcoin-backed maritime insurance service - and named it after one of the world’s most critical shipping lanes.
“Hormuz Safe” uses Bitcoin as the settlement layer for ships transiting the Strait of Hormuz, offering a sanctions-resistant alternative to traditional maritime coverage. Roughly 20% of the world’s oil supply passes through the strait - making this one of the first state-adjacent deployments of Bitcoin as a functional financial instrument rather than a speculative asset.
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