Published by Todd Bush on November 14, 2022
SAN FRANCISCO, Nov. 10, 2022 (GLOBE NEWSWIRE) -- KlimaDAO, the leading provider of tokenized carbon credits, has today announced the launch of its Fiat to Retirement payment service. It gives users of the tokenized carbon market the ability to offset their carbon credits using fiat payment gateways provided by C3.app and Offsetra LLC.
>> In Other News: Thallo Lands $2.5M for Next Generation Carbon Credit Exchange Powered by Blockchain
Fiat to Retirement enables tokenized carbon credits to be retired without requiring a Web3 wallet to be set up, a process that can sometimes be a barrier to accessing the market for those who are not experienced in managing a crypto wallet.
By improving access and making the retirement of tokenized carbon credits accessible for all customers, the benefits of this market can be passed on to more consumers. Benefits of the tokenized carbon market include:
C3 will accept wire transfers on behalf of Klima Infinity clients wishing to offset their emissions directly using fiat. Offsetra uses Stripe as a third-party payment provider to facilitate transactions.
Giorgio Donà-Danioni of C3 said: "By providing this service to KlimaDAO we can continue to help connect the legacy market with the digital carbon market and overcome market barriers associated with the adoption of Web3 tech. We expect to see further growth of this market and are committed to providing better and more transparent services for consumers in line with their needs."
Sy Zygy, Product Lead for KlimaDAO, said: "By allowing our users the ability to pay for their tokenized carbon credit retirements directly with a credit card without needing to create a cryptocurrency wallet, we make it even easier for non-crypto users, particularly our business users, to take direct climate positive action. We have already facilitated over $4 billion worth of carbon asset transactions in the last year, and Fiat to Retirement is an important step forward in our mission to expand access to the tokenized carbon market by making it easy for any person, business, or application developer to directly participate in the market."
KlimaDAO is an on-chain scaling solution for the Voluntary Carbon Market. KlimaDAO aims to open up the market to greater transparency and efficiency by combining tokenized carbon credits with a blockchain-enabled technology stack. If you are a business looking to offset your carbon footprint, get started here or reach out to sales@klimadao.finance.
C3.app is a Web3 carbon bridge that provides software and infrastructure for the Web3 and legacy carbon markets. C3's objective is to better link these markets and provide benefits for the originators and consumers of carbon credits. Visit c3.app to learn more, or reach out directly to sales@c3.app.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🚂 Ballard Announces 1.5 MW Fuel Cell Engine Order for Sierra Northern Railway 🌊 Sonardyne Secures Monitoring Deal for NEP CCS Project 🏆 ClimeFi provides access to CDR portfolio o...
Inside This Issue 🛢️ Chevron Doubles Down on U.S. Hydrogen Innovation with Dual Projects in Texas and California 🧾 Exclusive: White House Considers Plan to Clear Record Backlog of Small Refinery B...
Inside This Issue 💸 Trump Administration Cancels $3.7 Billion in Clean Energy Projects, Ending Ambitious Industrial Decarbonization Efforts 🌊 A New Protocol for Carbon Removal via Direct Ocean Cap...
Ballard Announces 1.5 MW Fuel Cell Engine Order for Sierra Northern Railway
VANCOUVER, CANADA – Ballard Power Systems (NASDAQ:BLDP; TSX:BLDP) today announced the signing of a new supply agreement with California-based rail operator Sierra Northern Railway for the supply of...
PureWest and Gunvor Group Partner to Accelerate Use of Verified Low-Carbon Gas Solutions
PureWest Energy, LLC ("PureWest"), a leading Rocky Mountain independent natural gas producer recognized for its low methane and carbon emission rates, and Gunvor USA LLC, a member of Gunvor Group (...
Towards Net Zero: Sustainability Meets Efficiency with E-Drive
In the first blog of this series, we introduced the roadmap that will make Woodfibre LNG one of the lowest-emission LNG facilities in the world. A key component of that strategy is the E-Drive syst...
ClimeFi provides access to CDR portfolio of XPRIZE competition Winners and Finalists
ClimeFi has partnered with XPRIZE to provide CDR buyers with a portfolio that offers unrivalled exposure to the XPRIZE Carbon Removal competition Winners and Finalists ClimeFi has partnered with X...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.