Brazilian Coffee Farming Cooperative to Issue a Coffee-Backed Token

Brazilian Coffee Farming Cooperative to Issue a Coffee-Backed Token
imageCryptocurrency News2 hours ago (Jul 11, 2019 04:21PM ET)

Brazilian Coffee Farming Cooperative to Issue a Coffee-Backed Token

Brazilian coffee farming cooperative Minasul plans to issue a coffee-backed token, Bloomberg reported on July 11.

According to Bloomberg, Minasul’s president Jose Marcos Magalhaes declared at the Global Coffee Forum in Campinas that Minasul intends to launch the token this month. Farmers will reportedly be able to use the coin to buy fertilizer, machinery and other non-farm products — including cars and food — in a digital marketplace.

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Brazilian Coffee Farming Cooperative to Issue a Coffee-Backed Token

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