Ethereum 

Brazilian Coffee Farming Cooperative to Issue a Coffee-Backed Token

Brazilian coffee farming cooperative Minasul plans to issue a coffee-backed token, Bloomberg reported on July 11. According to Bloomberg, Minasul’s president Jose Marcos Magalhaes declared at the Global Coffee Forum in Campinas that Minasul intends to launch the token this month. Farmers will reportedly be able to use the coin to buy fertilizer, machinery and other non-farm products — including cars and food — in a digital marketplace. Per the report, farmers will also be able to acquire the token in exchange for current and future coffee beans production: 30%…

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Blockchain 

Blockchain Platform Converts Users Fame Into Coffee and Clothes

Mithril, a decentralized platform that rewards content creators on social networks, told Cointelegraph that they are working on expanding the acceptance of its MITH token merchant network into different categories, such as coffee shops, restaurants, sports clothing and adult entertainment platforms. For instance, the team has announced a partnership with AccuPass, a Taiwanese ticket aggregator. According to Mithril, users are now able to purchase concert tickets with its tokens. In March 2019, SWAG, an adult entertainment network that connects amateur porn models and their fans, with more than 1.5 million…

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Blockchain 

Starbucks Working With Microsoft for Blockchain-Based Coffee Tracking Platform

United States-based coffee chain Starbucks will implement tech giant Microsoft’s Azure Blockchain Service to track coffee production, tech news site GeekWire reports on May 6. Starbucks first announced its “bean to cup” initiative in 2018, stating that it would work with farmers in Costa Rica, Colombia, and Rwanda to pilot a blockchain-based coffee-tracking system. The system will purportedly allow customers to track the production of their coffee and will open up potential financial opportunities for coffee bean farmers on the backend. Starbucks further noted that they would open source the…

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Blockchain 

India to Use Blockchain to Improve Coffee Supply Chain

The Coffee Board of India has launched a pilot blockchain-based e-marketplace in order to integrate coffee farmers with markets. The development was announced by Indian Ministry of Commerce and Industry (MCI) on March 28. The Coffee Board — an organization backed by the MCI to promote coffee production in India —  has rolled out an e-marketplace for coffee producers in order to reduce the number of intermediaries between coffee growers and buyers. The product will reportedly be delivered in the form of an application and aims to improve transparency and…

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Bitcoin 

‘Coffee for Bakkt’? Starbucks Equity Deal Will See Crypto-Based Payments, Source Claims

New details about Starbucks’ partnership with United States cryptocurrency platform Bakkt suggest the coffee giant will accept Bitcoin (BTC)-based payments after an equity deal, cryptocurrency industry news outlet The Block reported on Mar. 4. Starbucks, which became known as a founding partner in Bakkt upon its unveiling in August last year, will reportedly support its software to allow U.S. customers to pay for products. As The Block reported, no actual cryptocurrency will end up processed by the chain, as the crypto will be instantly transferred into fiat. Still in the…

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