Iran Wants To Create Muslim Crypto To Confront America's "Economic Hegemony"
Eventually they will figure it out, but taking three or four try to get it is too much. Authoritarians always think central banking is about cheating the system.
OK, a crypto currency can be useful, in the context of INSTEX, as a ledger. But Iranian Bearded dude does not a ledger make. Making the Petro work is possible, if Venezuela and Iran have leaders with smart enough brains, not one expects that.
Fundamentally, all the crypto and blockchain stuff has little utility until we understand fintech, or understand sandbox is the better term. One is setting up a counting system, the better the balance in liquidity allocation, the better it counts.
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