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Cryptocurrency1 hour ago (Nov 09, 2021 02:40PM ET)
In an announcement to Reuters News on Thursday morning, Brazillian cryptocurrency exchange Mercado said it has signed an agreement with Comerc, one of the main retail energy providers in Brazil, to develop renewable energy tokens. Mercado Bitcoin and Comerc seek to implement two types of tokens.
The first, set to launch in 2022, will be tied to a cashback scheme for solar energy generation. Currently, Comerc customers receive up to 15% to 20% of their electricity bills’ value in cashbacks should they choose to switch to solar energy. The second token will be linked to certificates that document energy consumption from renewable sources.
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