Amber Group HE partners with climate technology company Moss Earth to buy carbon offsets for $2 million.
Amber Groupa company technology leader and cryptocurrency trading, announced today a strategic partnership with climate technology company Moss Earth, the world’s first and largest environmental platform to tokenize carbon credits.
According to the agreement, Amber Group bought 250,000 tons of carbon in compensation for the value of MCO2 tokens; roughly enough to offset the cost of over 280,000 BTC transactions.
“Climate change is the central issue of our time.
Joining forces with Moss Earth will form an important coger of our carbon neutral business impact ambition and a path towards a long-term carbon negative commitment that we will announce soon,” commented Michael Wu, founder and director ejecutivo of Amber Group.
“We will work to offset our carbon footprint, to provide options for our users to act on this commitment and eventually act to remove the carbon emitted since Amber Group began operations in 2017.”
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As vital step towards fulfilling this commitmentAmber Group announces its initiative to offer carbon offset options to its usersthrough which everyone will have the opportunity to offset the carbon footprint associated with their transactions by purchasing MOC2 tokens, Moss’s tokenized carbon offsets.
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Released by Moss in March 2020, MCO2 equals one carbon credita digital asset that certifies the prevention of the emission of one ton of carbon dioxide into the atmosphere. Through the certification process and the minting of MCO2 tokens, funds are sent to conservation projects in the Amazon.
“We are very excited that such a respected fintech unicorn like Amber Group has embraced the battle against climate change, and we are honored that Amber Group chose to do so through the backing of the MCO2.
We believe that adding liquidity to this transparent form of offsetting carbon emissions are key to making it easy and for us to add the habit to our daily routine”, says Luis Adaime, Founder and director ejecutivo of Moss.
“The world is facing a great emergency.
Businesses must take responsibility and help their stakeholders to contribute to the common goals of humanity.
As a rapidly growing global fintech unicorn, it is our obligation to take a leadership role in the fight against climate change and empower our users to contribute to these noble but non-negotiable goals,” added Michael Wu.
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About Amber Group
Amber Group is one of the world’s leading crypto financial service providers, which operates globally with twelve offices on three continents.
Till the date, Amber Group has raised a total of $128 million in funding from the world’s top investors, including Tiger Global Management, DCM Ventures, Paradigm, Pantera Capital, Coinbase Ventures, Blockchain.com, Polychain Capital, Dragonfly Capital, and Fenbushi Capital.
For more information please visit www.ambergroup.io or contact email@example.com.
About Moss and the MCO2 token
moss is a climate tech company focused on environmental services with global operations.
In 2020, he created the first token backed by carbon credits used to offset greenhouse gases.
In its year of existence, Moss and his clients have sent more than $15 million to the Amazon, helping to preserve approximately half a billion trees.
The MCO2 token is already listed on platforms such as Mercado Bitcoin and FlowBTC, as well as globally on ProBit, Uniswap, and Gemini.
A carbon credit is a digital certificate that is equivalent to avoiding the emission of one ton of CO2 in a year determined through forest conservation projects, clean energy, biomass, among others.
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