Merely 5 years ago, this was almost impossible.
Iran is confirmed to be receiving Bitcoin payments for allowing ships to pass through the Straits of Hormuz, with roughly 280 Bitcoins per day. Bitcoin was intended to bypass centralization, and since all countries are treated as equal in foreign diplomacy (at least in principle), we can count this as adoption.
This adoption story continues with China, which has been using BTC to pay Iran, despite Iran accepting the Yuan as payment.
We already know Russia mines Bitcoin to pay for international trade.
Source: https://x.com/dhirendracd/status/2042553235727356035
submitted by /u/tractorix [link] [comments]r/CryptoCurrencyRead More
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