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Why Brazilian Farmers Are Using Crypto Coffee Coins

From: news.yahoo.com

Crypto coffee coins could become a new standard for farmers throughout Brazil’s countryside. The coffee-pegged cryptocurrency will be used to buy not only farm products, but also food and even high-ticket items such as cars.

Supplies of coffee will back the blockchain-based digital coin, and farmers willing to buy the cryptocurrency can do so against current and future production. This initiative belongs to Minasul, the largest Arabica coffee cooperative in Brazil.

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