Ripple Continues To Push Climate Change Protection In Partnership With Thallo

Crypto and blockchain-based companies have become increasingly climate and environment conscious. One of them is Ripple, which is a leader in the application of green blockchain development.

Ripple, a blockchain payment company, recently announced a partnership with Thallo, a Web3 carbon credit marketplace built on the XRP Ledger, to take climate action.

Ken Weber, the Senior Vice President, Social Impact and Sustainability at Ripple, said:

“As the demand for carbon credits intensifies, blockchain and crypto technology is uniquely positioned to help support market growth by solving persistent challenges around transparency, traceability, and verification.”

Climate Collective, Undo, VenTree Innovations, and In Planet are among the original partners, in addition to the blockchain company.

Thallo’s marketplace is expected to increase carbon market liquidity and access to pricing and market data. It seeks to accomplish this by connecting buyers and sellers of high-quality carbon credits.

Weber further on the function of Ripple and the XRP Ledger, saying:

“In line with Ripple’s commitment to more efficient and scalable carbon markets, the talented team behind Thallo is building a marketplace that will bring more liquidity, greater access to pricing and market data, and an improved certification process to an often opaque, slow and siloed market.

By leveraging Ripple’s enterprise readiness and carbon neutral XRPL’s reliability at scale, Thallo is democratizing access to verified carbon credits for both institutional and retail investors to help offset their carbon footprints in a way that satisfies their key stakeholders.”

The blockchain payment company has been campaigning for a more sustainable future for quite some time. In September, it also signed a Climate Pledge and joined over 375 other firms to promote the environment.

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