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 enables tokenized carbon credits to be retired without requiring a Web3 wallet to be set up, a process that can sometimes be a barrier to accessing the market for those who are not experienced in managing a crypto wallet.
By improving access and making the retirement of tokenized carbon credits accessible for all customers, the benefits of this market can be passed on to more consumers. Benefits of the tokenized carbon market include:
Immediate execution of retirements directly onto the Polygon blockchain;
A more transparent user experience powered by the Klima Data Carbon Dashboard; and
More competitive and transparent pricing for carbon credits.
C3 will accept wire transfers on behalf of Klima Infinity clients wishing 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 providing this service to KlimaDAO we can continue to help connect the legacy market with the digital carbon market and overcome market barriers associated with the adoption of Web3 tech. We expect to see further growth of this market and are committed to providing better and more transparent services for consumers in line with their needs.
Sy Zygy, Product Lead for KlimaDAO, said:
By allowing our users the ability to pay for their tokenized carbon credit retirements directly with a credit card without needing to create a cryptocurrency wallet, we make it even easier for non-crypto users, particularly our business users, to take direct climate positive action. We have already facilitated over $4 billion worth of carbon asset transactions in the last year, and Fiat to Retirement is an important step forward in our mission to expand access to the tokenized carbon market by making it easy for any person, business, or application developer to directly participate in the market.
About KlimaDAO
KlimaDAO is an on-chain scaling solution for the Voluntary Carbon Market. KlimaDAO aims to open up the market to greater transparency and efficiency by combining tokenized carbon credits with a blockchain-enabled technology stack. If you are a business looking to offset your carbon footprint, get started here or reach out to sales@klimadao.finance.
About C3.app
C3.app is a Web3 carbon bridge that provides software and infrastructure for the Web3 and legacy carbon markets. C3's objective is to better link these markets and provide benefits for the originators and consumers of carbon credits. Visit c3.app to learn more, or reach out directly to sales@c3.app.
Disclaimer: The information provided in this blog post pertaining to KlimaDAO (“KlimaDAO”), its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this blog post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This blog post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. KlimaDAO and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and KlimaDAO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. KlimaDAO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this blog post supersedes any prior blog post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither KlimaDAO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this blog post by you or any of your representatives or for omissions from the information in this blog post. Additionally, KlimaDAO undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this blog post.