Bitcoin helps Iranian shoe store overcome international trade sanctions
An interesting e-commerce site that went online just last week is accepting bitcoin only, because most overseas customers cannot pay with anything else. The business is Persian Shoes, an over 70-year-old business selling handmade footwear. It is located in Isfahan, the third-largest city in Iran. The owners are happy to ship anywhere, but paying them is a problem. Thanks to the vagaries of international diplomacy and the past few decades of history, the usual e-commerce channels are blocked. Trade sanctions against the entire country of Iran by the United Nations, United States, European....
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