Tag Archives: Oil-Producing

Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin

According to Egyptian businessman M. Shafik Gabr, chairman of the ARTOC Group for Investment & Development, some Middle Eastern nations are already exploring the possibility of settling oil contracts in bitcoin. But he declined to specify which, and most of the leaders gathered in Davos for the annual conference that wrapped up Friday are adamant they see bitcoin’s post-sovereign nature as anathema. Continue reading Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin