Xange’s Carbon Credit Solution on the XRP Ledger will further lead to the issuance of tokenized carbon credits, following the guidelines set by the top industry working groups, including the InterWork Alliance .
As Xange’s goal revolves around climate change and climate security, therefore, it also goes hand-in-hand with the preventing illegal financial transactions by enabling more anti-carbon emission initiatives using blockchain technology.
According to the press release from Xange.com, XRPL facilitates sustainable blockchain operations, as it is also one of the first major carbon neutral blockchains, which supports Xange’s anti-carbon emission agenda.
“Xange.com chose to build on the XRP Ledger given its performance, scalability and inherently green attributes.
Earlier this year, by the end of third quarter, Ripple announced its $250 million Creator Fund, to facilitate creators explore new use cases for NFTs on the XRP Ledger.