Agri-wallet offers farmers, in developing countries, an innovative secure, instant and near-free global virtual currency account on their mobile phones. Agri-wallet uses a virtual currency based on the blockchain method to bypass expensive traditional banking systems. This gives farmers much easier access to finance of a global network of lenders. Farmers can dramatically improve their production and income when they use the Agri-wallet to save, borrow and pay for their farm inputs.
Why: farmers with an Agri-wallet will get out of poverty and produce more food.
What: farmers with an Agri-wallet produce up to 400% more food because funds are not diverted to non-income generating private consumption.
Who: the founders of COIN22 have much experience in software development and in setting up successful social ventures in developing countries.