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Tony Katz: Iran should peg currency to Bitcoin for trade and settlements

Tony Katz: Iran should peg currency to Bitcoin for trade and settlements
Iran urged to adopt Bitcoin for trade

Tony Katz, crypto commentator at Social Media, suggests Iran should peg its currency to Bitcoin and make it the primary currency for GDP calculations and cross-border payments, including passage fees through key straits.

Katz highlights the potential for Iran to use Bitcoin in transactions with Russia and China, stating this would usher in a new era for the country's currency.

Earlier, Katz stated that Iran, Russia, and China are opting for Bitcoin over USDT or USD for cross-border transfers, calling USDT a scam. His comments appeared in an article detailing the shift by these countries to settle transfers with Bitcoin instead of traditional currencies. Read the full analysis here.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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