Closing the Loop: Australian Organic Farm Creates a Local Bitcoin Economy Among Farmers

New Hampshire, home to 4,150 farms comprised of 471,911 acres of farmland, is a prime destination for local, organic farm products. The state is also home to one of the most robust Bitcoin communities in the world, and as a result you can buy all your organic groceries with cryptocurrency. According to Jessica Love, one of the key organizers behind the Community Market Day Project, a network of small farmers and artisans markets, the desire for more local, natural, and pesticide-free farm products has been growing recently. “There are more and more farmers realizing the consumer/profit....

An Australian organic farm called Budafoods has created its own local bitcoin economy among farmers, using the cryptocurrency to facilitate faster and cheaper payments between merchants and small businesses. The community is also working on encouraging its partners to accept bitcoin as well. The farm, which is located in Sunshine Coast Hinterland, Queensland, has dealt with the negative impact of online payment systems on their sales and profits. These, along with traditional banking systems, have eaten into their margins by charging high fees per transaction and have taken long periods to....

There is an interesting project currently taking place in Argentina. Nubis Bruno, an Argentinean web developer and entrepreneur, has found a way to help local organic farmers sell their products using Bitcoin. In Buenos Aires, organic farmers are struggling to sell their products. However, some farmers have found an alternative. With the help of Bitcoin, these farmers have succeeded in creating an online presence where they can sell their organic vegetables directly to customers with no fees or middlemen getting in the way. Santiago Zaz, a friend of Nubis Bruno, is a member of an organic....

Overstock’s Farmers Market service connects organic, local farms with customers, allowing their products to be sold for Bitcoin - without even knowing it. Aside from the occasional creative Russian farmer or underground market in New Hampshire, the average agricultural worker is not that well-versed in fintech, and as such few are likely to accept Bitcoin for their products. Online retailer Overstock.com, which proudly accepts Bitcoin, launched Farmers Market in 2014, seamlessly connecting farmers and ranchers to customers. Through Overstock, farmers can inadvertently be paid for their....

Nubis Bruno, an Argentinian web developer, has designed a way to help organic farmers in his country sell their goods online using Bitcoin. Farmers in the Buenos Aires, the capital, struggle to sell their products in the cities markets. The alliance between Nubis Bruno and Santiago Zaz is changing this for the better. Bruno is a Bitcoin entrepreneur and co-founder of a Bitcoin exchange in Buenos Aires. “We became friends when I rented an apartment from him, and a few months ago Santiago told me that he was ... selling organic vegetables in Buenos Aires area, and ... he was selling also....