Notes From WEF: Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin – CoinDesk

Notes From WEF: Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin – CoinDesk

DAVOS, Switzerland – Most Middle Eastern elites at the World Economic Forum are highly skeptical of bitcoin, but there are whispers about its potential for cross-border settlements in the energy sector. 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.