Web 3 climate start-up Thallo impregnate cu cerneală a partnership deal with Ripple (XRP) and various other companies to build a first-of-its-kind marketplace that brings buyers and sellers of high-quality carbon credits.
Thallo’s platform runs on Ripple’s XRP and focuses on the pricing problem of the current carbon market. With its new platform, buyers and sellers will find each other more quickly and make healthier transactions.
Thallo’s Co-Founder Joseph Hargreaves commented on their partnership with Ripple and said:
„Împreună, vom contribui la eficientizarea pieței voluntare a carbonului, ajutând fondurile să meargă către proiecte de înaltă calitate și facilitând pentru companii să-și atingă obiectivele de sustenabilitate într-un mod transparent și verificabil.”
According to the announcement, the total cap of the voluntary carbon market is almost $2 billion and is expected to see $150 billion in the next eight years.
Carbon-neutral Ripple
Ripple is among the founding partners of Thallo. Ripple’s Senior Vice President, Ken Weber, said:
“As the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability and verification”
Thallo’s efforts to contribute to the carbon market to increase liquidity, scalability and price access align with Ripple’s commitment to bolster carbon neutrality in the crypto sector. Ripple’s XRPL is already carbon-neutral, and the company takes inițiative to increase green energy projects.
Thallo Team
Thallo’s team is divided into three pillars. The founding partners include Ripple, Colectivul Climatic, VenTree Innovations, InPlanet, and other carbon-related projects.
The second pillar is integrity partners, which include academics and non-profit organizations such as Consiliul de afaceri al carbonului și Acordul Crypto Climate.
The third group is called innovation partners, focusing on critical areas in the field and leveraging new technologies to offer tangible solutions. Za, Aklimate, și Fundația Celo are three of the team of 14.
Source: https://cryptoslate.com/climate-start-up-partners-with-ripple-to-launch-marketplace-for-carbon-credits/