Iran to allow crypto payments for international trade: Report
Cointelegraph
Published Jan 11, 2022 12:30PM ET
Updated Jan 11, 2022 02:00PM ET
The Central Bank of Iran, or CBI, and the Ministry of Trade have reached an agreement to link the CBI’s payment platform to a trade system allowing businesses to settle payments using cryptocurrencies, the Mehr News Agency reported Monday.
Alireza Peyman-Pak, Iran’s deputy minister of Industry, Mine and Trade and head of Iran’s Trade Promotion Organization, or TPO, said that the new payment mechanism is expected to be finalized “within the next two weeks.”
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Written By: Cointelegraph
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