AGRICULTURE INDUSTRY BEGINS ACCEPTING CRYPTOCURRENCY PAYMENTS IN PARTNERSHIP BETWEEN MOBIUS AND PRODUCERS MARKET
Mobius’ Token (MOBI) First To Be Used To Facilitate Transactions in Nine Countries Through Producers Market Farmers, Bypassing Traditional Cross-Country Banking Institutions and Intermediary Fees
May 24, 2018, George Town, Grand Cayman — Mobius, a turn-key blockchain-enabling platform for developers, and Producers Market, the leading digital community for farmers and consumers, today announced a partnership to enable cryptocurrency payments in the agriculture industry. The partnership makes MOBI the first cryptocurrency accepted between a farm and a food processor. Producers Market currently represents farms and cooperatives in nine countries, enabling farmers to utilize blockchain technology to earn more revenue for their crops by bypassing traditional intermediaries.
“Many farmers are often unbanked and rural, getting less than 10% of every dollar spent on their end product,” said Cyrus Khajvandi, COO and Co-Founder of Mobius. “Our partnership with Producers Market gives farmers in over nine countries the option to start benefiting immediately from blockchain payments, allowing them to go cashless and cut out intermediaries while passing the savings on to consumers.”
Producers Market represents agricultural producers worldwide, including in USA, Mexico, Central and South America, and the Philippines. Overall, the agriculture industry is a $3 Trillion global market, with more than 570 million farms feeding seven billion people. Mobius’ token (MOBI) was introduced in January and is readily available for purchase worldwide on international Crypto stores. The first MOBI agriculture sector transaction took place between Nautical Farms, a kelp farmer in Maine, and Akua, a kelp jerky company in New York City.
“Unlike with Bitcoin or Ethereum-based tokens, MOBI’s transaction fees cost fractions of a penny, which means more money goes into the pockets of farmers,” said Keith Agoada, Executive Director, Producers Market. “Producers Market is committed to empowering producers and consumers through blockchain technology and our partnership with Mobius is a real-world application of blockchain solving a major problem.”
About Mobius Network
Mobius is founded by a team of serial entrepreneurs that hail from YC, Stanford University, and Harvard Law with experience in computer science, statistics, and mathematics.
Mobius offers a free universal API that allows any existing business to accept blockchain-based payments -- anywhere in the world -- in a cheap, fast, and secure manner. The Mobius “DApp Store” is currently ranked number one on Google search, allowing developers an opportunity to gain new revenue streams and participate in a decentralized data marketplace. Mobius has two provisional patents covering their Proof of Stake Oracle Protocol (PSOP) that connects high fidelity data to smart contracts.
Mobius closed one of the most successful token sales of Q4 2017 and 2018, selling out of MOBI with over $39M in revenue. They also raised an additional $3M in equity investments in the company.
About Producers Market
Producers Market was brought to life by industry professionals who dreamt of a world where farmers, the most important value-add link on the supply chain, receive just compensation for the agricultural outputs they dedicate their lives to producing.
Producers Market is building the world’s largest and most powerful digital cooperative of vetted agricultural producers by directly connecting them with wholesale buyers around the world. Utilizing the blockchain and smart contracts, Producers Market increases integrity, traceability and efficiency along the entire value chain, from producer to consumer.
Producers Market, a subsidiary of Producers Token Holding LLC, operates in several countries across Asia and the Americas.