🇮🇷 Iran is about to launch its national digital currency (CBDC)! 🚀

- CBI Governor, Mohammad Reza Farzin, affirmed that innovation will continue despite sanctions.

- CBDC is a significant step towards modernizing Iran's banking system.

- The project has been in testing since 2018, utilizing Hyperledger Fabric technology.

- In June, the pilot project will take place on Kish Island, focusing on domestic use.

💡 Fintech overcoming sanctions

- Iran is replacing SWIFT with Russia's MIR payment system.

- Iran's Shetab system processes transactions in under 2 seconds, connecting with MIR.

- Iran and Russia are collaborating to develop a gold-backed stablecoin and testing crypto for international trade.

What do you think about this advancement by Iran? Comment below! 💬