Farmers to Start Accepting Crypto Through Web3 Domain Provided by Unstoppable Domains

Thanks to a partnership between Unstoppable Domain, the largest chain domain provider, and Farmsent, a farmer-centric blockchain, farmers will soon get a fair price for their agricultural products. As per Foresight News, the two have teamed up to introduce the “.farms” domain, a Web3 platform that will allow farmers to sell their produce and accept cryptocurrency as payments.

Farmers have dealt with low pay for years thanks to the middlemen between them and consumers. These middlemen, who include distributors, retailers, and wholesalers, add to the cost and complexity of the supply chain. However, this will be a thing of the past now that this Web3 domain has been made possible. Through this Domain, farmers and consumers alike will take advantage of the power of Web3, which has made cryptocurrencies and digital identities the norm.

Think of this platform as a tool allowing farmers to sell their produce through a faster and more secure payment method that does not involve the traditional payment system. The results? No more delays or risks of farmers’ money landing in the wrong hands. The CEO of Farmsent, Yog Shrusti, believes that through this partnership, farmers will gain more capital to expand their farms without dealing with limitations from centralized systems.

But the “.farms” domain is not just about payments. It is also about managing digital identities. Since many businesses have embraced the digital space, now more than ever, farmers must have a secure and unique online presence. Fortunately, this Domain offers just that and more. It’s a chance for farmers to manage their online presence, interact with consumers directly, and safeguard their reputation in the always-changing digital scene.

Unstoppable Domains views this partnership as a stepping stone to address the ever-rising need for decentralized identity options. Collaborating with Farmsent allows them to widen their horizons into the agricultural space, giving farmers a new and better way to enjoy the benefits of Web3 solutions.

Since its launch, the Domain has quickly gained popularity among farmers, particularly in countries like Colombia and Indonesia, where farming is a major economic activity. The platform, supported by DePIN blockchain technology and in beta, has enabled the sale of various products, including avocados and coffee, between these countries.

According to Sandy Carter, the COO of Unstoppable Domains, they are proud to offer Farmsent a home, allowing farmers a secure place to trade without any interference from middlemen.

To sum up, the “.farms” domain isn’t just a new tool for farmers. It opens the door to a future where farming is more linked, safe, and productive.

We are seeing the proliferation of web3 technologies in diverse industries, and fintechs like Horizon Fintex have already made inroads in bringing web3 to the world of finance. It is just a matter of time before web3 is integral to most, if not all, industries.

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