Innovative Latin American cryptocurrencies are now taking off not just in Venezuela, but also in Mexico with the launch of the Agrocoin.
Mexican firm Amar Hidroponia introduced the cryptocurrency to make it easier for people to invest in their next batch of habanero chilis.
Habanero chilis are a hot item in Mexican cuisine, especially where Amar Hidroponia is located: the Yucatan Peninsula.
Last September, Amar Hidroponia began selling digital tokens to small-scale investors at the price of 500 Mexican pesos (about US$27) in exchange for a square meter of the firm's hydroponically-grown habaneros.
The company says it can produce about 6kg within that amount of space and sell the spicey capsicums for about US$3.75 per kilogram both domestically and for export.
"We had a lot of people who wanted to invest, but with less money," Amar Hidroponia President Rodrigo Domenzain told local media. "Agrocoin allows us to have a new investment product backed by agricultural goods."
The company expects to pay a yearly dividend equal to 30 percent of its cost of production.
Agrocoins can be bought on the company's website and after a year exchanged on a cryptocurrency trading market. So far, the company has sold 50,000 of the 1 million it's planning to issue.
Cryptocurrency is a digital asset that uses blockchain technology to ensure virtual transactions.