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Crypto to Be Pegged to Coffee Supplies by Brazilian Farmers: Bloomberg

  • Yuri Molchan
    📰 News

    Farmers who grow and produce coffee in Brazil are considering launching their own crypto back by coffee supplies for their needs


Crypto to Be Pegged to Coffee Supplies by Brazilian Farmers: Bloomberg

The world has already seen attempts to launch a coin backed by whiskey, and even Jesus Coin, backed by the Father, Son and the Holy Spirit on blockchain. Now, it is turn for a ‘coffee coin’.

‘Coffee coin’ for farmers’ daily needs

Bloomberg reports that coffee growers in Brazil are seriously considering releasing their own cryptocurrency.

Minasul, a large coffee making company and a cooperative, intends to give the world a DLT-based coin pegged to coffee supplies. 

Farmers who are the members of this cooperative would be able to utilize the new crypto for purchasing organic materials and equipment they need for growing coffee, as well as cars and food.

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They will be able to trade things for this coin on a virtual marketplace where Minasul will be selling its products and machinery that farmers cannot do without.

Bloomberg writes that coffee growers will be allowed to get this crypto coin in exchange for present and future coffee production.

Cover image via u.today
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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John McAfee Fails CIA’s Attempts to Collect Him and His Wife, Shotguns Involved

  • Yuri Molchan
    📰 News

    Crypto freak John McAfee says CIA has made an attempt to collect him in Cuba, posts a photo holding a machine gun


John McAfee Fails CIA’s Attempts to Collect Him and His Wife, Shotguns Involved

In the previous episode of the ‘McAfee runaway saga’ U.Today reported that the crypto baron and one of the current US presidential candidates, John McAfee, send a word that he would be going dark on Twitter and promising to share details later on.

The message was posted on his account by McAfee’s team campaign manager with a long beard and just as long Spanish name Rob Benedicto Pacifico Juan Maria Loggia-Ramirez (probably, McAfee calls him ‘Don Juan’ for short, in commemoration of the Carlos Castaneda’s mysterious teacher).

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Villains strike, stakes rise

On Friday, July 19, the story had a continuation, since the first tweet made my McAfee himself appeared after the one promising that he would ‘go dark’.

The presidential candidate McAfee has reported that the CIA has attempted to lay their hands on him and his wife and prevented them from relaxed cigar smoking in Cuba.

The photo he posted shows McAfee and his wife Janice holding weapons, which apparently they used to scare the CIA agents off their expensive cognac and Cuban cigars.

The crypto baron then said that he would go dark on Twitter for another few days until the IRS sends US marines to catch him, perhaps.

The crypto baron then said that he would go dark on Twitter for another few days until the IRS sends US marines to catch him, perhaps.

 

Cover image via u.today
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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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