Behzad Safaei, the Deputy of Information Technology at Bank Sepah, highlighted the bank’s focus on cryptocurrencies. Safaei praised the bank’s successful experiences in technology over recent years. He considered the merger of six banks into Bank Sepah as a demonstration of its technical and managerial capabilities. Safaei suggested Iranian banks create a native stablecoin to facilitate financial transactions, emphasizing the importance of prioritizing the release of an Iranian cryptocurrency. He mentioned its potential role in international settlements and even the stock market. Safaei urged a change in the traditional perspective towards cryptocurrencies, citing past resistance to new technologies. He also revealed that Bank Sepah is one of the 12 executing banks of the digital rial project, currently in the testing phase.
