Iran Removed From SWIFT Messaging, Forced to Adopt Cryptocurrency - Crypto Disrupt
Venezuela, Turkey and Iran these nations might be facing a difficult time now especially with being sanctioned but these nations will bounce back from these. Being forced to use digital currency could pay off...
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"their own state-backed cryptocurrency." ...but in what exchange can you sell and buy it?
I am not looking at how these national currencies will do on exchanges I'm looking at the impact it will have on crypto in general... It will sound less strange (digital currency) to people and then their could be an opening for decentralization once people get used to digital currency or let me put it this way tokenisation wouldn't be so strange anymore.
Iran could go back to Hawala Banking and Cryptocurrencies such as XRP and Stellar.
That is a possibility...
Cryptocurrency gives them away around the international banking system that is controlled, essentially, by the United States. These countries now can opt to do cross border transfers in crypto instead of fiat. This is a big boost to crypto, at least in awareness.
The boost to crypto in terms of awareness is what I see in this case.