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The scoop: Uphold, a digital trading platform, released a digital carbon credit coin called UPCO2.
On a mission to democratize carbon: Think of corporations and governments as the gatekeepers of carbon credit markets. Using blockchain technology, UPCO2 hopes to ease the barrier to entry for ordinary people. UPCO2 can also help standardize carbon prices on a global level using voluntary carbon credits (VCUs).
Should you buy one? UPCO2 coins help reforestation efforts in areas like the Amazon, Congo Basin, and Indonesia. Carbon prices (like any commodity) are pretty volatile, but I predict durable demand for this asset. Everyday people want more ways to take climate action. This is one.
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