Ripple invests $44 million in Green energy

The project is carried out in partnership with the Nelnet financial service

13.10.2021 - 07:00

341

1 min

What's new? The official Twitter account of the Ripple cryptocurrency platform has posted news about the creation of a joint fund with the Nelnet payment service to invest in environmentally friendly energy.

“We're excited to work with Nelnet to support solar energy projects throughout the U.S. as part of our commitment to reduce the carbon footprint of financial services globally.”

Right back at you, @Nelnetsolar! We're excited to work with Nelnet to support solar energy projects throughout the U.S. as part of our commitment to reduce the carbon footprint of financial services globally and deliver on the promise of a #CarbonNegative #crypto industry. https://t.co/ETMUboLW2o— Ripple (@Ripple) October 11, 2021

What results are planned? As part of the partnership, Ripple and Nelnet will provide $44 million for projects that will offset 1,5 million tons of carbon dioxide over 35 years.

The Ripple cryptocurrency platform believes that the digital asset industry will grow and increasingly influence the world. This means that companies need to make sure that the use of cryptocurrencies is as environmentally friendly as possible. The company plans to make a full industry transition to renewable energy by 2020.

Author: