The economic center of Brazil, São Paulo, will pilot blockchain-based microloans for farmers.

MarsBitNews

2025-11-29 01:10:50

According to Mars Finance, Coindesk reports that Brazilian fintech company Tanssi is launching a government-supported blockchain project. This project is supported by the São Paulo city government and provides quick loans of up to 15,000 reais (approximately 2,800 USD) to small rural producers. The service will be launched next month, and its mobile application is already online. The project uses a blockchain infrastructure built on Tanssi technology, allowing for predictable transaction fees and reliability without relying on public blockchains such as Ethereum or Solana.

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