Brazilian coffee farming cooperative Minasul plans to issue a coffee-backed token, Bloomberg reported on July 11.
According to Bloomberg, Minasul’s president Jose Marcos Magalhaes declared at the Global Coffee Forum in Campinas that Minasul intends to launch the token this month. Farmers will reportedly be able to use the coin to buy fertilizer, machinery and other non-farm products — including cars and food — in a digital marketplace.
Per the report, farmers will also be able to acquire the token in exchange for current and future coffee beans production: 30% of the
This post is an exerpt of an original post published on Bitcoinchannel. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.