Iran has placed its first official import order using cryptocurrency worth $10 million, according to a government official. “By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries,” the official added.
Iran Uses Crypto to Place Import Order
Iran placed its first official import order for $10 million worth of goods in cryptocurrency this week. Alireza Peymanpak, vice minister of Iran’s Ministry of Industry, Mine and Trade and president of the country’s Trade Promotion Organization (TPO), announced via Twitter Tuesday (translated by Google):
This week, the first official import order was successfully placed with cryptocurrency worth 10 million dollars.
“By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries,” his tweet further reads.
Iran has been contemplating allowing the use of cryptocurrencies to pay for imports for over a year....
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