Hong Kong, China, May 19, 2023 / AlexaBlockchain/ – In a groundbreaking move towards environmental responsibility, Stabiliti CEO Will Foulkes and Globiance Founder and CEO Oliver Marco La Rosa have announced the signing of a Memorandum of Understanding (MOU) on May 5, 2023. This partnership between Stabiliti and Globiance, a globally established crypto exchange/banking platform, marks a significant step forward in the pursuit of eco-conscious financial institutions and globally sustainable industries.
Globiance, operated on the XDC network (XinFin), is set to become the first carbon negative bank and cryptocurrency exchange by integrating Stabiliti’s automated carbon offsetting platform. Stabiliti’s technology allows financial and payment institutions to offset their transactions live and with remarkable accuracy to the gram. By joining forces with Stabiliti, Globiance aims to nullify the environmental impact of all its transactions, setting an example for other companies to follow.
Stabiliti has taken a revolutionary approach to reengineering carbon removal credits, ensuring trust and transparency from source to offset. Through this partnership, Globiance will be able to assume an environmentally responsible leadership role. By leveraging Stabiliti’s carbon offsetting capabilities, Globiance will prove that its business practices have a net-zero impact on the environment, inspiring other financial institutions to adopt sustainable measures.
Oliver Marco La Rosa, Founder and CEO of Globiance, expressed his enthusiasm about the collaboration, stating, “By incorporating the carbon offsetting services of Stabiliti, Globiance customers can enjoy the benefits of our financial products, knowing they are supporting a company that cares about preserving our natural resources by keeping track and negating our carbon emissions for future generations to come.”
Globiance will significantly reduce its carbon footprint and may even eliminate it altogether by integrating Stabiliti’s carbon negating capabilities. Stabiliti’s technology provides an end-to-end audit trail, allowing institutions to demonstrate the whereabouts and status of carbon capturing assets at any given time. Once the sequestered carbon is recorded onto Globiance via Stabiliti, it can be fully audited by Globiance’s clients throughout its lifecycle.
Will Foulkes, Co-Founder and CEO of Stabiliti, expressed his delight at partnering with Globiance to support its environmental, social, and governance (ESG) strategy. Foulkes said, “We have taken a first principles approach to reengineering carbon removal credits, to create trust and transparency all the way back to source. Institutions can be confident that what they are buying really does lead to carbon removal from our atmosphere.”
Globiance, as the first financial payment platform to offset micro-emissions, including those emitted by financial transactions in real-time, is spearheading an essential change in the industry. Establishing an end-to-end audit trail from carbon capture to final consumption is crucial. Through the integration of Stabiliti, Globiance users will directly benefit from carbon offsetting and tracking as they make transactions, further promoting sustainable practices.
With this groundbreaking partnership, Stabiliti and Globiance are leading the way in forging a greener and more sustainable future for the financial industry. As climate change continues to be a pressing concern, collaborations like these provide hope for a world where responsible business practices and environmental consciousness go hand in hand.
Contact person: Will Foulkes
Company name: Stabiliti
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