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China using cryptocurrency to pay for fees through Strait of Hormuz

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by COINS NEWS 254 Views

“Chinese ships were among a long line of vessels waiting for clearance to leave the strait, said Muyu Xu, a Singapore-based analyst with Kpler. She said that the overall picture was still confusing and cited how last week Iran said it was accepting Chinese yuan as payment for transit, but then changed to a preference for cryptocurrency“

I do mostly momentum trading but found this nugget on NBCNews, any idea which crypto this could be that Iran and China are in agreement for payment?

https://www.nbcnews.com/world/iran/strait-hormuz-shipping-traffic-effectively-standstill-iran-ceasefire-rcna267391

submitted by /u/WobblyWidget
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