SAN FRANCISCO, Nov. 10, 2022 (GLOBE NEWSWIRE) — KlimaDAO, the leading provider of tokenized carbon credits, has today announced the launch of its Fiat to Retirement payment service. It gives users of the tokenized carbon market the ability to offset their carbon credits using fiat payment gateways provided by C3.app and Offsetra LLC.
Fiat to Retirement makes it possible to retire tokenized carbon credits without requiring a Web3 wallet to be set up, a process that can sometimes be a barrier to market entry for those inexperienced in managing a crypto wallet.
By improving access and making the retirement of tokenized carbon credits available to all customers, the benefits of this market can be passed on to more consumers. Benefits of the tokenized carbon market include:
C3 will accept bank transfers on behalf of Klima Infinity customers who wish to offset their emissions directly using fiat. Offsetra uses Stripe as a third-party payment provider to facilitate transactions.
Giorgio Donà-Danioni of C3 said: “By offering this service to KlimaDAO, we can continue to help connect the legacy market with the digital carbon market and overcome market barriers related to the adoption of Web3 technology. We expect to see further growth in this the market. and is committed to providing better and more transparent services for consumers in line with their needs.”
Sy Zygy, Product Manager of KlimaDAO, said: “By allowing our users to pay for their tokenized carbon credit pensions directly with a credit card without having to create a cryptocurrency wallet, we make it even easier for non-crypto users, especially our business users , to take direct climate positive action. We have already facilitated over $4 billion in carbon asset transactions in the past year, and Fiat to Retirement is an important step forward in our goal of expanding access to the tokenized carbon market by making it easy for any person, company or application developer to participate directly in the market.”
About KlimaDAO
KlimaDAO is a chain scaling solution for the voluntary carbon market. KlimaDAO aims to open up the market for greater transparency and efficiency by combining tokenized carbon credits with a blockchain-enabled technology stack. If you are a business that wants to offset your carbon footprint, get started here or contact [email protected].
About C3.app
C3.app is a Web3 carbon bridge that provides software and infrastructure for Web3 and legacy carbon markets. C3’s goal is to better connect these markets and provide benefits for the originators and consumers of carbon credits. Visit c3.app to learn more, or contact [email protected] directly.
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