Colombian beetles exported to Japan with help from cryptocurrency


A cashier of a restaurant shows a successfully completed Kmushicoin cryptocurrency transaction on a smartphone to a lunchtime customer, in Tunja, Colombia, October 8, 2021. REUTERS/Luisa Gonzalez

TUNJA, Colombia (Reuters) - A Colombian exporter of long-horned beetles, a popular pet for Japanese children, has created its own cryptocurrency to avoid high commissions on international sales.

"It's an alternative to be able to export the beetles to Japan or any other part of the world and be able to use it as a method of payment," said Carmelo Campos, chief programmer of Tierra Viva, based in the central Andean city of Tunja.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Microsoft profit, revenue beat estimates, shares jump over 4%
Google parent Alphabet announces first-ever dividend, shares soar
Health conglomerate Kaiser notifies millions of a data breach
Intel forecasts second-quarter revenue below estimates, shares fall
Snap beats first-quarter expectations, shares jump 25%
T-Mobile raises forecast for subscriber additions on demand for its discounted plans
Crypto firm Consensys sues US SEC over Ethereum regulation
Warner Bros Discovery to launch data platform for better ad-targeting
Reddit back up after brief outage affected thousands globally
Microsoft-backed Rubrik's stock jumps 21% in NYSE debut

Others Also Read