Posts Tagged ‘organic farms’

Organic farmers in Argentina using bitcoins

January 18, 2016

For small farmers wishing to sell on-line, traditional payment systems such as Visa or even PayPal are not viable, due to to high transaction costs and slow payment.

Bitcoin is a step in the right direction. But not ideal, due to its volatility, being skewed to the rich, the high energy costs in minting (mining in the jargon) new bitcoins.

If the farmers form themselves into co-operatives, faircoin would be a better crypto-currency to use.

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