Iran launches bitcoin-settled maritime insurance platform Hormuz Safe
According to ChainCatcher, as reported by CryptoBriefing, Iran has launched its national government-backed digital maritime insurance platform, Hormuz Safe, to provide maritime insurance for vessels passing through the Persian Gulf and the Strait of Hormuz, with settlements in Bitcoin and other cryptocurrencies. The Iranian government believes that if the platform can capture a significant share of the Persian Gulf shipping insurance market, it could generate more than 10 billion US dollars in revenue.
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