Universal Protocol Alliance introduces tradable carbon token
Cointelegraph
Published Dec 01, 2020 08:30AM ET
Updated Dec 01, 2020 10:00AM ET
An alliance of crypto firms is introducing tokenized carbon credits for individuals to offset the amount of carbon dioxide they contribute.
According to a Dec. 1 announcement, the Universal Protocol Alliance, or UPA, has launched a tradable carbon token on a public blockchain. The UPA stated that crypto users can “burn” the Universal Carbon token, UPCO2, to offset their carbon footprint. However, they also have the choice of holding the tokens, or trading them like any other digital asset using Uphold, a major U.S. cryptocurrency wallet and trading platform that’s also a member of the UPA.
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Written By: Cointelegraph
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