The discussion about the environmental impact of cryptocurrencies like Bitcoin is polarizing. An association of German fintechs now wants to show with a new initiative that the crypto industry is also committed to a green future.
As BTC-ECHO learned exclusively in advance, the crypto companies Bitcoin.de, coindex, Nuri and Tangany have created the “Clean Crypto Alliance”. The goal is to campaign for a clean crypto sector.
“We strongly believe that DeFi and crypto assets are the future and
second, we will make many positive contributions to climate protection and sustainability,” explains the Bielefeld fintech co-index.
The trading place with the most famous domain in the German crypto space also joins the Clean Crypto Alliance. “Bitcoin.de stands for security. Our customers must be able to safely buy and sell their crypto assets among themselves at any time. How safe is a future for crypto where we ignore our environment?”
The aim of the initiative is not only to spark public debate about cryptocurrencies and their impact on the environment. The member companies are also committed to questioning their own ecological footprint.
Climate neutrality at coindex
The Bielefeld-based fintech announced last month its commitment to climate neutrality with immediate effect. coindex, in particular, is likely to have set the ball rolling for the new initiative by the German fintechs.
The crypto startup recently published an extensive sustainability report that not only examines the environmental impact of Bitcoin and Co. in general, but also scrutinizes its own ecological footprint. The result: in fiscal year 2021, coindex will emit 21.9 tons of CO₂. The start-up now wants to compensate for this.
The highlight: the company does not only want to become climate neutral internally. They also want to offset the environmental impact of trading on the crypto platform. This makes it possible for investors to invest more sustainably.
Nuri: Despite bankruptcy?
Crypto fintech Nuri is also a member of the new initiative. However, the Berlin company only recently had to file for bankruptcy.
Nevertheless, “all deposits and investments in the Nuri accounts of the users are safe through the partnership with Solarisbank AG,” the website says. Work is currently underway to “develop a viable long-term restructuring concept,” CEO Kristina Walcker-Mayer said in a press release.
In addition, a report from the law firm GT Restructuring, which was tasked with handling the bankruptcy, shows that initial investors are already interested in acquiring the crypto startup.
So Nuri also insists on joining the new initiative for sustainability in the crypto space: “We want to empower our investors to take control and achieve their financial freedom. However, this is only desirable in a sustainable future,” said the Clean Crypto Alliance press release.
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