Denis Opudo
Moeda is a microfinance platform which links professional investors from China and cooperative businesses in remote Brazil.
The impact of Blockchain technology is mostly felt in the emerging nations more than the developed countries worldwide. For instance, In Singapore, it is very easy for consumers to purchase goods and services using a credit card. The identities of citizens are auto secured by the government biodata thus no need for crypto version. However, in the least developing countries, adoption of this technology faces threats of inadequate provision of basic financial and energy services.
According to the CEO of PRONAF, Taynaah Reis, cooperatives currently have limited access to credit facilities due to poor credit history and bureaucratic protocols. In an attempt to overcome the above obstacles, investors buy MDA tokens which are converted to local currency for business transactions. Additionally, Moeda nurtures transparency to all investors both locally and abroad.
The recent report shows that Moeda managed to raise approximately $20million initial coin offering. The amount will be invested in over 18 cooperatives in Brazil at a cost of $1.5million. This move will aid cooperatives to acquire machinery, increase production capacity and promote economic growth and development. Moeda also assists cooperatives with business and technical advisory services.
Blockchain technology intends to integrate Everex and Humaniq in Singapore and London respectively. In general, Blockchain-platform is best referred to as bitcoin transaction medium in London and New York.
