“The business is Persian Shoes, an over 70-year-old business selling handmade footwear. It is located inIsfahan, the third-largest city in Iran. The owners are happy to ship anywhere, but paying them is a problem. The usual e-commerce channels are blocked. Trade sanctions against the entire country of Iran by the United Nations, United States, European Union and others mean Western Union and major credit card companies will not deal with Iranian businesses, even those in the fashion world. The only way to pay someone in Iran is with cash carried in your pocket – or some easily transferrable, mostly unregulated, digital currency.”
http://www.coindesk.com/bitcoin-iranian-shoe-store-trade-sanctions/
Related posts:
Mt. Gox Settlement Proposal Could Make Former Users Whole
Four False Assumptions That Can Kill Your Portfolio
Cops Charge BB Gun Owner For Being In Vicinity Of Presidential Route
The John McKenna Case: Video Captures Baton Blows to University of Maryland Student
What Janet Yellen Will Host and Why
Obama Signs Law Gutting Insider Trading Regulations For Congress
For Price Of Iraq War, US Could Power Half Country With Renewables
Terrible Costs of a 'Modern Economy'
Lew Rockwell: Obama Has Gone Too Far
Fed ‘Biosurveillance’ Plan Seeks Direct Access to Private Health Records
FDA secretly retests 100 different drugs after testing company admits its work was all fraudulent
Stock Market's New Threat Is Record Margin Debt
1,700,000 Foreclosures Are in the Pipeline.
Ohio Appeals Court Forbids Traffic Stop Over Unpaid Parking Tickets
The Line In The Sand Has Been Drawn