Family Farming Knowledge Platform

Balkan bytes: How digital agri-entrepreneurship is changing a country

With FAO and EBRD support, a young social activist is wiring Montenegro’s rural heartland

In March of 2021, a Montenegrin cow became the first known exemplar of the species – indeed, the first farm asset of any kind – to be bought with a virtual currency in the western Balkans. Comically but appropriately enough, she was named Bitkoinka.

The animal went for 0.013 bitcoin, the equivalent of USD 1 600 at the time. In doing so, she achieved the kind of fame more commonly associated with the reality show stars that populate Montenegro’s TV screens. In her own country and across the western Balkans, conversations swirled about digital farming markets. That this happened – in an environment where a few short years ago, buying an animal was a matter of hear-it-on-the grapevine, pay-it-cash-in-hand – is largely down to one young man.

A young man who had some stuff stolen and decided to transform his homeland.

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Organization: Food and Agriculture Organization of the United Nations FAO
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Year: 2021
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Country/ies: Montenegro
Geographical coverage: Europe and Central Asia
Type: Case study
Content language: English
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