CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$29,628.00
  • ethereum
    ETH$1,967.49
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    Home » Crypto News » Ripple and Nelnet to Invest $44M Aimed at Carbon-Neutrality

    Ripple and Nelnet to Invest $44M Aimed at Carbon-Neutrality

    Author: Dimitar Dzhondzhorov

    Last Updated Oct 12, 2021 @ 09:39

    Ripple and Nelnet joined forces into a mutual investment focused on reducing the carbon footprint from the future monetary network.

    Ripple announced a $44 million joint investment with the fintech firm – Nelnet Renewable Energy. Their goal is to fund solar energy projects throughout the USA as they aim for carbon-neutrality in the financial world.

    The Green Initiative

    According to a recent press release, Ripple will be the leading investor in the collaboration. Ken Weber – Head of Social Impact at the company – outlined the importance of the initiative, saying clean energy could not only “drive future economic growth but could also ensure a more sustainable world.”

    “We’re excited to work with Nelnet as we pursue our commitment to reduce the carbon footprint of financial services globally and to deliver on the promise of a carbon-negative cryptocurrency industry.”

    The plan of this joint initiative is to spread over the next 35 years and to finance solar projects which could offset more than 1.5 million tons of carbon dioxide. According to their estimations, this is equal to the CO2 emissions from consuming 154 million gallons of gasoline.

    Scott Gubbels – Executive Director of Nelnet Renewable Energy – praised the company’s platform, which allows investors like Ripple to join the green future cause.

    “Investments like these help create jobs, provide cost-competitive energy to the market, and promote sustainability for years to come,” he added.

    It is worth noting that in March, Nelnet Renewable Energy earned an E1 ESG rating – the highest possible score in the S&P Global rating system – on one of their clean energy funds.

    ADVERTISEMENT

    The Collaboration Between Ripple And Bhutan

    At the end of September, the blockchain-based digital payment network joined forces with Bhutan’s central bank to launch a digital version of its national currency. The move was once again oriented towards a greener future. Bhutan – a small land-locked country in the Himalayas – is known to be the only carbon-negative nation across the globe. As such, Ripple explained that the CBDC solution would be a match for its principles:

    “Ripple’s commitment to sustainability was important for Bhutan. The CBDC solution is carbon-neutral and, because it’s based on the public XRP Ledger, is 120,000x more energy-efficient than proof-of-work blockchains.”

    Bhutan also anticipates the initiative to boost the country’s financial inclusion by 85% in the next two years. Additionally, Ripple’s network would provide the nation’s central banks with more “control over the issuance, management, privacy, and validation than they would get with public blockchains.”

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • RippleBhutan
      Ripple Partners with Bhutan's Central Bank to Pilot a CBDC
    • ripple_sec_cover
      US Judge Grants Ripple Access to Binance Documents in its Battle Against The SEC
    • secvripple_cover
      Ripple Fights Back: Seeks to Expose SEC Employees XRP Holdings
    Tags: Ripple
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Dimitar Dzhondzhorov
    More posts by this author

    Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.

  • bitcoin
    BTC$29,628.00
  • ethereum
    ETH$1,967.49
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Okay Bears NFT Collection: The Complete Guide

    Okay Bears NFT Collection: The Complete Guide

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Bittrex CBO: Why Bittrex Lost its Lead, Token Sales’ Critical Mistakes, and How to Get Listed (Interview)

    Bittrex CBO: Why Bittrex Lost its Lead, Token Sales’ Critical Mistakes, and How to Get Listed (Interview)

    What is Balancer Protocol? Everything You Need to Know

    What is Balancer Protocol? Everything You Need to Know

    Coinbase Wallet For Beginners: The Complete Guide

    Coinbase Wallet For Beginners: The Complete Guide

    Tether Has No Plans to Go Public: CTO Paolo Ardoino (Exclusive Interview)

    Tether Has No Plans to Go Public: CTO Paolo Ardoino (Exclusive Interview)

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!