“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/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
As Bitcoin booms, digital robbers take advantage
Rand Paul opposes U.S. attack that could ‘kill Christians in Syria’
Feds Seize Silk Road 2 in Major Dark Web Drug Bust
Dubai And Saudi Stock Markets Getting Totally Smoked
Who is Ben Rhodes?
America’s Foster Care System: Test Lab For Big Pharma, Cash Cow For Caretakers?
Florida homeowners foreclose on deadbeat banks
In homebuying, cash is king again
UK hospital meltdown after ransomware worm uses NSA vuln to raid IT
CA “Heroes” Beat Motorist Over Tinted Windows, “Missing” Front Plate
The Decline of the Petrodollar
PC Shipments Post the Steepest Decline Ever in a Single Quarter
So Many People Are Fleeing the S.F. Bay Area, It's Hard to Find a U-Haul
Man Charged with Murder After Cop Wrecks Trying to Give Him Ticket
Neo & Bee Bitcoin Bank Intro