KlimaDAO Partnership With Mobilum
KlimaDAO is dedicated to fighting climate change by embedding the cost of carbon into a carbon-backed currency called KLIMA. KlimaDAO’s goal is to increase liquidity and activity in the carbon markets, by creating an incentive for the supply and purchase of on-chain carbon credits.
At the moment, however, that goal is hindered by the friction involved in purchasing KLIMA. Unlike cryptocurrencies such as Ethereum or Bitcoin, which are listed on centralized exchanges (CEXs), until now KLIMA has been unavailable for purchase directly with fiat currency such as USD or EUR. As a result, the purchasing process has been complex, with a high barrier to entry.
KlimaDAO has entered into a partnership with Mobilum, and from March 2022, users will get seamless access to KLIMA — even without significant blockchain knowledge and experience. Users will be able to exchange any of the 82 different fiat currencies for KLIMA directly from the Mobilum website using a credit or debit card.
Mobilum provides a direct route for investors to engage with KlimaDAO, without the need for a separate crypto wallet. Connecting KLIMA directly with fiat currency purchases is called on-ramping, because it’s a method (or ramp) to bring on new participants who might otherwise find it difficult to invest in crypto.
ABOUT Mobilum
Mobilum is a fintech company that builds powerful yet simple integrations for small and large businesses to accept payments and manage their cryptocurrency businesses online.
Twitter | Medium | Telegram | Website
ABOUT KlimaDAO
KlimaDAO enables mass participation in the carbon markets and governs the development of KLIMA, an algorithmic, carbon-backed currency.
RESOURCES
Medium
