PANews reported on November 29 that, according to Coindesk, Brazilian fintech company Tanssi is launching a government-backed blockchain project aimed at providing microloans to small farmers in São Paulo through mobile applications and physical payment terminals.

This project utilizes a blockchain infrastructure built on Tanssi technology, achieving predictable transaction fees and reliability without relying on public blockchains such as Ethereum or Solana. This microloan project, supported by the São Paulo municipality, offers quick loans of up to approximately $2,800 and is expected to officially launch next month. Previously, the project was successfully piloted in Antônio da Alegria.