Iran's nationwide internet blackout sparks concern as cryptocurrency trading continues
Svmuu News: Due to the spread of protests across Iran and the rial’s exchange rate falling to a historic low, the Iranian government implemented a nationwide internet blackout today, disrupting trading for approximately 7 million cryptocurrency users.Data from TRM Labs shows that the total cryptocurrency transaction volume in Iran between January and July 2025 was approximately $3.7 billion.Amid the current internet blackout, Bitwise CEO Hunter Horsley recommends using Bitcoin as a store of value. Currently viable offline trading options include: Starlink satellite internet, which has been activated within the country and provides high-speed connectivity; and the Blockstream satellite network, which supports the global broadcast of Bitcoin data.Additionally, Bitchat, a decentralized communication service based on Bluetooth mesh networks, has been downloaded over 1.4 million times since its launch and supports the transmission of transaction data between mobile devices. The Darkwire project, developed by Cyb3r17, utilizes long-range radio technology to create a mesh network capable of transmitting Bitcoin transactions in offline environments.Machankura, developed by South African developer Kgothatso Ngako, allows users to send and receive Bitcoin via cellular networks rather than the internet. Ultimately, these offline solutions still require an internet-connected device to upload transactions to the blockchain for confirmation.
Source:Odaily · Source Link
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