Reported about 7 hours ago
YouTuber Luke Damant experienced a challenging arrival in Tehran, where the heavily inflated Iranian rial posed significant challenges for currency exchange due to U.S. sanctions. Unable to use traditional banking services, he found that carrying cash was essential, while locals navigated a complex system to access funds. Damant noted that cryptocurrency, particularly Bitcoin, is increasingly becoming a vital alternative for Iranians coping with economic difficulties, as many rely on it to bypass restrictions and preserve their savings.
Source: YAHOO