São Paulo, Brazil to pilot blockchain-based microloans for small rural producers

Jinse Finance reported that Brazilian fintech company Tanssi is launching a government-backed blockchain project to provide microloans to small rural producers in São Paulo through a mobile application and physical payment terminals. The project uses blockchain infrastructure built by Tanssi, enabling predictable transaction fees and reliability, instead of relying on public blockchains such as Ethereum or Solana. It is expected to launch next month.