Australian Organic Farm Has Its Own Bitcoin Economy
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....
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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....
Budafoods, a certified organic farm and food supplier located in the Sunshine Coast Hinterland, Queensland, Australia, is attempting to create a closed bitcoin economy among farmers and to encourage its partners, supporting businesses and community to accept bitcoin. Over the past few years, online payment services and platforms such as PayPal and banking systems have negatively affected businesses in the area, including Budafoods and the local businesses the farm supplies. Apart from the substantial fee for transactions and payments, PayPal and the bank transfers have been extremely....
Readers have no doubt by now seen the ABC profile of Mark Burgunder, an Australian independent chicken farmer and Bitcoin enthusiast who was noteworthy because he prefers bitcoins over fiat money. To quote the ABC feature, which says Burgunder is "laying the foundations for agriculture Bitcoin economy": Mr Burgunder is yet to convince any of his customers to start paying for their eggs using the digital currency. Nonetheless, CCN decided to interview Burgunder about the implications of Bitcoin in agriculture, why he believes in Bitcoin, and what he's doing locally to increase access to it.....
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