Casablanca – Iran’s reported plan to charge oil tankers in cryptocurrency for passage through the Strait of Hormuz is doing more than rattling shipping markets. It is once again putting a spotlight on when crypto actually gets used and why.

For years, bitcoin has been pitched as a form of everyday money. In reality, most of its activity still revolves around trading. Yet moments like this show a different pattern, as crypto tends to surface not in stable economies, but in crisis.

Iranian authorities are considering a system where ships would be asked to pay in bitcoin within seconds of receiving instructions, a way to avoid seizure under sanctions. The market reaction was immediate and crypto edged up as the news spread.

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