São Paulo Launches Blockchain-Powered Microloan Program for Rural Producers

São Paulo, Brazil will launch a government-backed microloan program utilizing blockchain technology to provide small rural producers with access to fast and controlled credit. The project leverages Tanssi’s blockchain system, designed for secure lending transactions within a closed app environment. This program offers loans up to R$15,000 ($2,800) aimed at addressing challenges faced by these producers in accessing traditional credit. The pilot program is set to launch next month, offering access through both mobile applications and physical terminals.