Santander Launches Loans Backed by Tokenized Commodities Such as Soy and Corn

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Santander Launches Loans Backed by Tokenized Commodities Such as Soy and Corn

Once the loan is approved, tokens will be sent to an escrow, which is a third-party smart contract, until the credit is repaid with fiat or tokens, Scaliter said. If a farmer repays the loan with tokens, Santander will automatically convert them to Argentine pesos on the Agrotoken platform, Scaliter said. www.coindesk.com

Once the loan is approved, tokens will be sent to an escrow, which is a third-party smart contract, until the credit is repaid with fiat or tokens, Scaliter said. If a farmer repays the loan with tokens, Santander will automatically convert them to Argentine pesos on the Agrotoken platform, Scaliter said.

www.coindesk.com