Blockchain Tech Helps Coffee Farmers Make Fair Gains
Denver-based Bext Holdings Inc. is making it simple for coffee farmers to receive a fair price quickly for their beans through the blockchain with its mobile app. Coffee has become a popular drink drunk by millions of people around the world, which is seeing millions of farmers growing the coffee beans to sell on. Unfortunately, making a profit doing so is not high, with the World Bank stating that many smallholders live on less than $2 per day. Now, though, with the Bext360 mobile app, farmers can ensure that they are receiving the correct price for their product. In a report from....
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BitMari, the Pan African Bitcoin wallet provider, is trying to popularize Bitcoin in the Zimbabwean region. Currently, the startup is working with the Zimbabwe Women Farmers Accelerator to raise cryptocurrency funds for the group’s cause. Pan African Bitcoin Wallet BitMari Helps Fund Zimbabwean Women Farmers. The startup BitMari is on a mission to....
Zimbabwean women farmers will be given Bitcoins which they can redeem for goods at selected suppliers. Put together by BitMari, the first black owned Bitcoin startup, this first ever Bitcoin accelerator programme for women farmers in Africa is aimed at making the farmers successful and to return the initial investment at the end of the second harvest. It will also teach them on the usefulness and power of Bitcoin, and train the female farmers to be able to make Bitcoin transfers. According to BitMari’s CEO, Sinclair Skinner, it is important to make women understand how to transfer Bitcoin....
The backbone of our nation, farmers stand to benefit the most from sovereign money that cannot be diluted or degraded.
Traceability is key for helping small-scale farmers achieve big benefits, but will blockchain solutions catch on in developing countries? The global food and agriculture industry is a trillion-dollar sector that is growing exponentially. According to findings from the World Bank, agriculture alone accounted for 4% of global domestic product, or GDP, of the United States in 2018. The report further noted that agriculture could account for more than 25% of GDP in developing countries. Meanwhile, it’s important to point out that large corporate farms play a dominant role in the agriculture....
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....