Why São Paulo Wants to Pay for Infrastructure with Cryptocurrency

The Brazilian state of São Paulo is looking to cryptocurrency to help solve its infrastructure problems.

The state, home to 45 million residents and the city of São Paulo – the largest metropolis in the southern hemisphere and the third-largest in the world – plans to use a token called buildcoin to pay engineers across the globe for feasibility studies. These studies are required to assess the practicality and justify the expense of large construction projects.

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