this post was submitted on 09 Apr 2026
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452
Iran Demands Bitcoin For Ships Passing Hormuz During Ceasefire (slashdot.org)
submitted 2 days ago* (last edited 2 days ago) by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world
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He said that the tariff is $1 per barrel of oil, adding that empty tankers can pass freely. "Once the email arrives and Iran completes its assessment, vessels are given a few seconds to pay in Bitcoin, ensuring they can't be traced or confiscated due to sanctions," Hosseini added.

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[โ€“] Randomgal@lemmy.ca 5 points 16 hours ago (1 children)

Yeah and writer has no idea what they are talking about. One of the core characteristics of Bitcoin is being publicly traceable

[โ€“] Blackmist@feddit.uk 7 points 16 hours ago

I mean it doesn't even matter that it is. It's not a secret who the money is going to.

The important part is that it can't be reversed by a banking authority.