Sunday, May 19, 2024

Mercado, Brazil’s Largest Crypto Exchange Bitcoin will issue two renewable energy tokens, according to a report

The largest crypto exchange by trading volume in Brazil (and Latin America) Mercado Bitcoin made an exciting announcement to Reuters News. On Wednesday, they announced that they have been in talks with Brazilian energy trader Comerc and will be releasing two renewable energy tokens. The first token is to be released in 2022, and the news is already building excitement amongst Comerc customers. The CEO of 2TM, which is Mercado Bitcoin’s holding company, Robert Dagnoni, also spoke to the press. According to him, both companies are completing the legal and regulatory requirements and the product should be ready in December or January.

The first token is intended for Comerc customers who generate renewable energy using the company’s Sou Vagalume system. It will be a cash back reward in effect. Comerc is going to allow customers to buy the token for a fixed amount, with trading digital assets in a secondary market possible later on.

Is It the Vibra Effect?

Comerc has had an exciting few months. It is also pursuing a second token backed by the International REC Standard certificate that documents electricity usage from renewable sources. This is in a preliminary stage, in partnership with Bitcoin Market.

In October, while moving towards an IPO, a 50 per cent stake was bought in Comerc by fuel distributor Vibra. Vibra has been repositioning itself as a low carbon economy company. It is unsurprising that is unsurprising that Comerc is also moving towards decarbonization

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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