TLDR Crypto · MISCELLANEOUS

HOW SOLANA IS TRANSFORMING CROSS-BORDER AGRICULTURAL TRADE

cointelegraph.com2 min read

Summary from the TLDR Crypto newsletter

Solana-based AgriDex significantly reduced transaction fees (gas fee + 0.15% facilitation fee) and settlement times (seconds) for a cross-border trade between a South African vineyard and a London importer, facilitating payment for agricultural goods like wine and olive oil over Solana. AgriDex hopes to bring the international agricultural trade onchain and remove complications around managing multiple currencies and extensive paperwork.