In both Central and South America, cacao was used as currency from before the arrival of the Spanish until well into the 19th century. In addition to being associated with a tasty and stimulating drink, these seeds have the necessary physical properties to be a vehicle for exchange, since they do not wear down or break easily, they are easily distinguishable and they are neither too big nor too small.
Today, more than 2,000 years after the first recorded crops in America, Xcao System Group has launched a digital ecosystem to harmonize the production, processing and marketing of cocoa and other agricultural products such as chocolate or coffee. This company has created the Xcao token with the aim of regularizing and shielding transactions involving these crops with blockchain technology. This currency, which can be stored in an Xcao Wallet, is based on the US dollar.
Cocoa as current currency through Xcao token
Recently, the Xcao System Group company has brought together a group of professionals, organizations and entities to harmonize all phases of cocoa production and distribution, projecting it into the technological future. By turning this product into a digital asset, with added value, there is a great economic and labor benefit for all the people involved in this activity.
Likewise, according to the Inter-American Institute for Cooperation on Agriculture (IICA), the implementation of blockchain technology in this sector allows for increased competitiveness, reduced transaction processes, lower costs, and easier product traceability. In turn, this generates greater confidence in the markets.
Xcao token, Xcao Wallet and the other digital products designed by Xcao System Group value the history of cocoa, improve agricultural trade and facilitate an activity that, to this day, continues to be the livelihood of thousands of families.