Ripple has announced an exclusive partnership with Xange to help UN registered securities exchange develop a carbon credit solution on the carbon-neutral XRP Ledger companies.
This goes hand in hand to allow transparency to carbon accounting by doing away with double counting of carbon emission reduction or removal.
Due to its Federated Consensus algorithm, the XRPL is significantly more energy efficient compared to proof-of-work blockchains and ensures low-cost transactions.
Concerning the guidelines implemented by the top industry working group including “InterWork Alliance ,” the carbon credit solution by Xange on the XRPL will later result to the issuance of tokenized carbon credits.
XRPL’s performance, scalability, and inherently green attributes were the reason for the partnership.
Earlier this year, Ripple announced a $250 million Creator Fund to support creators who explore new use cases for NFTs on the XRP Ledger.
We believe the XRP Ledger is ideally suited to deliver a superior user experience for NFTs and tokenization more broadly.
He has a lot of interest in emerging startups, tokens, and the invisible forces of demand and supply.
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