Iran launches Hormuz Safe, a Bitcoin-settled maritime insurance platform for Persian Gulf shipping
Iran has launched Hormuz Safe, a Bitcoin-settled maritime insurance platform aimed at facilitating shipping in the Persian Gulf. This state-backed initiative seeks to bypass Western financial systems and leverage Iran's strategic position in global oil transport. The platform allows for direct cryptocurrency settlements, eliminating the need for traditional banking intermediaries.
- ▪Hormuz Safe issues marine insurance policies for ships transiting the Persian Gulf and the Strait of Hormuz.
- ▪The platform is backed by Iran's Ministry of Economy and uses Bitcoin for settlements.
- ▪About 20% of the world's daily oil supply passes through the Strait of Hormuz, making insurance essential for vessels in the area.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/17165558/persian-gulf-wikipedia-1-800x420.jpeg" alt="Iran launches Hormuz Safe, a Bitcoin-settled maritime insurance platform for Persian Gulf shipping" class="w-full aspect-[19/10] object-cover" /> Iran launches Hormuz Safe, a Bitcoin-settled maritime insurance platform for Persian Gulf shipping The state-backed platform aims to use cryptocurrency settlements to bypass Western financial systems and monetize Iran's control over one of the world's most critical shipping lanes. Share Add us on Google by Editorial Team May. 17, 2026 Iran just turned one of the world’s most strategically important waterways into a crypto business opportunity.
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