Latin America’s largest cryptocurrency exchange to develop renewable energy tokens

Comerc and Mercado Bitcoin plan to launch two tokens that encourage renewable energy use.
Mercado Bitcoin, a Brazilian cryptocurrency exchange, announced Thursday morning that it had signed an agreement to develop renewable energy tokens with Comerc. Mercado Bitcoin is partnering with Comerc to create two types of tokens. The first will be tied to a cashback program for solar energy generation. Comerc customers currently receive cashbacks equal to 15% to 20% of the value of their electricity bills if they decide to switch to solar energy. The second token will be linked to certificates that document energy consumption from renewable sources.In a statement to Reuters, Matheus Nogueira, CEO of Nori, a company that distributes energy for Comerc, said the following:The token can be treated like any other currency, but it has an additional benefit, it is a token that represents a renewable generation.Meanwhile, an executive linked to the project at Comerc gave the following remark regarding the three “Ds” of the company’s initiative regarding renewable energy:First, decarbonization, encouraging clean energy; the second is decentralization, our plants are based on distributed generation…, and finally, digitalization.Mercado Bitcoin claims to be the largest cryptocurrency in Latin America, with more than three million customers. According to CoinGecko the exchange lists 11 coins, and has a trading volume that exceeded $19.4 million over the past 24 hours. Softbank, a Japanese multinational conglomerate, invested $200 million in Mercado Bitcoin earlier this year. Since January, the exchange has processed crypto trades worth more than $5 billion USD.

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