São Paulo, Brazil, is set to introduce a blockchain-based microloan program for small farmers, spearheaded by fintech company Tanssi. The initiative, backed by the local government, aims to provide quick loans of up to $2,800 through mobile applications and physical payment terminals. This project leverages Tanssi's proprietary blockchain technology, ensuring predictable transaction fees and reliability without using public blockchains like Ethereum or Solana. Following a successful pilot in Antônio da Alegria, the program is expected to officially launch next month.
São Paulo to Launch Blockchain-Based Microloan Program for Farmers
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