Bitcoin Meets Geopolitics: Iran Launches Crypto Insurance For Ships In The St...
Nearly 20% of the world’s oil supply moves through the Strait of Hormuz. Iran now wants a cut of it — not by force, but through Bitcoin. Related Reading: XRP Will Go ‘Higher, Much Higher,’ Analyst Says, Betting On Explosive Breakout A Platform Built Around Geography Iran’s Ministry of Economy launched Hormuz Safe on May 16, 2026, a maritime insurance platform that lets cargo operators pay with Bitcoin and other cryptocurrencies instead of going through traditional banks. Once a payment clears on-chain, the cargo gets immediate insurance coverage along with a digitally signed....
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Iran has launched a new maritime insurance platform for cargo moving through the Strait of Hormuz, with payments settled in Bitcoin, according to a report from Iran’s semi-official Fars News Agency. The project places Bitcoin inside one of the world’s most politically sensitive shipping corridors, where energy flows, sanctions pressure and maritime risk have become […]
As early as the 2nd century BCE, Babylonian traders insured goods from loss at sea by paying a premium on loans. If they paid a little extra when they borrowed, the debt would be forgiven if a freak wave swallowed their cargo en route to market, or if pirates attacked their ships. The bitcoin economy is drastically different, but the need to insure against theft or accidental loss remains. Recovering lost bitcoin is as impossible today as raising ships from the floor of the Mediterranean would have been for the Babylonians thousands of years ago. Fulfilling that need is a different story,....
The crypto market is facing volatility and uncertainty as the US-Israel-Iran conflict continues to develop. Markets are reactive. Capital is cautious. And an XWIN Research Japan report has just added a dimension to the current risk landscape that has nothing to do with geopolitics — and everything to do with what happens to crypto users […]
Polkacover, the ingenious platform that bridges the gap between traditional insurance companies and crypto-insurance products has just launched its Demo Decentralized Application, demonstrating how users can connect with several insurance providers offering global insurance products such as crypto-related protection, health, life, and more, with ease. Polkacover is the first decentralized insurance marketplace for the DeFi […]
A recently established crypto industry association in Iran has commenced activities under the country’s chamber of commerce. Its management hopes to help remove obstacles challenging its members while facilitating the implementation of blockchain technology in the sanctioned nation’s economy. Industry Association to Address Blockchain-Related Challenges in Iran The newly-established Iran Blockchain and Cryptocurrency Association (IBCA) has started operating under the supervision of Iran Chamber of Commerce, Industries, Mining and Agriculture (ICCIMA), the English-language....