Climate start-up partners with Ripple to launch marketplace for carbon credits
Web 3 Climate Startup Thallo with ink Partnership agreements with Ripple (XRP) and various other companies will create 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 current carbon market pricing issues. The new platform allows buyers and sellers to find each other faster and make healthier deals.
Commenting on the partnership with Ripple, Thallo co-founder Joseph Hargreaves said:
“Together, we will make voluntary carbon markets more effective, help channel funds towards quality projects, and make it easier for companies to reach their sustainability goals in a transparent and verifiable way. help the.”
According to the announcement, the total cap of the voluntary carbon market is nearly $2 billion and is expected to reach $150 billion over the next eight years.
carbon neutral ripples
Ripple is one of Thallo’s founding partners. Ken Weber, senior vice president of Ripple, said:
“As the demand for carbon credits grows, blockchain and cryptography are uniquely positioned to support market growth by solving the constant challenges of transparency, traceability and verification.”
Thallo’s commitment to contributing to carbon markets to improve liquidity, scalability and price access aligns with Ripple’s commitment to making the crypto sector carbon neutral. Ripple’s XRPL is already carbon neutral and the company is taking initiatives to increase green energy projects.
taro team
Thallo’s team is split into three pillars. Ripple as a founding partner climate collective, Bentree Innovations, Inplanetand other carbon-related projects.
The second pillar is Integrity Partners. carbon business council When crypto climate pact.
A third group, called Innovation Partners, focuses on key areas of the field and leverages new technologies to deliver concrete solutions. chain link, AcclimateWhen Cerro Foundation Three of a team of 14.
