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According to (AP) The Cab drivers and bikers tap away furiously on their mobile phones as they wait at red lights in the Iranian capital during an early June heatwave. Some pedestrians in Tehran are doing the same. They all believe they could get rich.
The object of their rapt attention? The “Hamster Kombat” app.
A wider crypto craze aside, the app’s rise in Iran highlights a harsher truth facing the Islamic Republic ahead of Friday’s presidential election to replace late President Ebrahim Raisi, who died in a helicopter crash in May: an economy hobbled by Western sanctions, stubbornly high inflation and a lack of jobs.
Even as presidential candidates make promises about restoring the country’s economy, Iranians, who have been hearing for years about bitcoin, are now piling into this app out of sheer hope it might one day pay off — without knowing much about who is behind it.
“It’s a sign of being desperate, honestly,” said Amir Rashidi, the director of digital rights and security at the Miaan Group who is an expert on Iran. It’s about “trying to hang on to anything you have a tiny hope that might some day turn to something valuable.”
SOURCE: https://apnews.com
