Mobius network, also known as Stripe for Bitcoin, has partnered up with the producers market to begin accepting cryptocurrency payments in the agriculture industry. Producers Market is the leading digital community for farmers and consumers. They are reportedly committed to empowering producers and consumers through blockchain technology. By partnering up with Mobius they are looking for a real-world application of blockchain solving a major problem. Mobius and its token, MOBI, currently rank 308 on the market capitalization list. This partnership makes MOBI the first cryptocurrency accepted between a farm and a food processor. We had previously talked about Mobius as they ran MOBI’s initial coin offering (ICO) on the Stellar network instead of Ethereum. Mobius raised $39 million in their ICO in January 2018. It was one of the larger recent token sales and the largest on the Stellar platform. Cyrus Khajvandi, COO and Co-Founder of Mobius hopes their partnership with Producers Market gives farmers in over nine countries the ability to go cashless and cut out fees while passing the savings on to consumers. The announcement could help MOBI’s price action as it has been under pressure lately. After dropping from its all-time-high ICO price of $0.4, MOBI/USD has been having difficulty breaking above the 0.1 resistance level. At the time of filming it is trading at $0.06. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.
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