Mobilum Technologies Inc has announced that it is entering the fight against climate change.
The technology company has revealed its first on-ramp implementation agreement to the DEX space with KlimaDAO, a decentralized autonomous organization (DAO) protocol with a carbon-backed, climate-friendly digital currency.
Mobilum said it will provide KlimaDAO with a payment gateway widget and the technology needed to acquire fiat payments, through payment card and convert funds to KLIMA token from mutually agreed upon Decentralized Liquidity Pools.
READ: Mobilum Technologies strikes agreement to provide KEYS Token with on-ramp services
Mobilum will also enable the ability to purchase and sell KLIMA tokens within Mobilum's payment platform, the firm added.
Mobilum CEO Wojciech Kaszycki told investors that the company is “thrilled” to partner with KlimaDAO and provide the Mobilum suite of services applications to help climate change via the KlimaDAO platform.
“KlimaDAO is a vacuum for carbon. Its treasury only accepts certified, third-party verified emissions reductions from reputable carbon markets (called 'carbon offsets' or 'carbon credits'), and we look forward to a long-term partnership,” Kaszycki said in a statement.
Kaszycki noted that KlimaDAO represents an “incredible opportunity” to unlock the on-chain carbon economy and help decentralized finance (DeFi) to begin having a positive impact on the planet.
“By scaling up the adoption of KLIMA we will maximize participation in the carbon markets, enable protocols and businesses to go a step further than just ‘Net Zero’ with their carbon strategies, and begin to embed carbon into the emerging Web3 economy,” the company said.
Mobilum’s technology is compatible with Sushiswap, Uniswap, Netswap among many other DEX protocols.
The firm said it hopes to extend its services to all upcoming DAO and decentralized protocols.
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