Post
Topic
Board Nigeria (Naija)
Re: How can crypto impact agricultural financing?
by
Anayochukwu
on 26/08/2024, 16:56:51 UTC

I always wonder how cryptocurrencies can be applied in community funding for Agricultural Financing and to curb insecurity in agriculture. Initiatives such as collective funding, rotating savings and credit associations as well as agricultural cooperatives?
Initially I would have said that crypto has nothing to do with agriculture and just like @nelson4lov said that "crypto wasn't made to be used for initiatives" as it's primary Purpose is to serve as a decentralized digital Currency. However, over time the crypto space has evolved and it's now possible to use crypto for fundraising. So the only way I know crypto can help impact agriculture is By fundraising and donations as it will empower farmers with limited resources, promote sustainable agriculture And build a more food secure future.