São Paulo, Brazil will pilot blockchain-based microloans for small rural producers. According to Jinse Finance, Brazilian fintech company Tanssi is launching a government-backed blockchain project to provide microloans to small rural producers in São Paulo through a mobile application and physical payment machines. The project uses the blockchain infrastructure built by Tanssi, which allows for predictable transaction fees and reliability, instead of relying on public blockchains like Ethereum or Solana, and is expected to launch next month.
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São Paulo, Brazil will pilot blockchain-based microloans for small rural producers. According to Jinse Finance, Brazilian fintech company Tanssi is launching a government-backed blockchain project to provide microloans to small rural producers in São Paulo through a mobile application and physical payment machines. The project uses the blockchain infrastructure built by Tanssi, which allows for predictable transaction fees and reliability, instead of relying on public blockchains like Ethereum or Solana, and is expected to launch next month.