Zumo’s Zero Hero pilot venture noticed the acquisition of Renewable Vitality Certificates (REC) to compensate for the electrical energy utilization of bitcoin purchased through its app.
Over the pilot interval, bitcoin to the worth of £1.5 million has been coated by Zero Hero REC purchases, with a complete of 850 megawatt-hours of electrical energy compensated through the programme – sufficient vitality to drive an electrical automobile for over three million miles.
Now, Zumo and its companion Zero Labs have been awarded a grant by Innovate UK to additional fund analysis into the decarbonisation of crypto. The RenewableCrypto venture will kick off later this month and see the companions look to search out sensible methods through which wallets and platforms can scale using renewable vitality.
Kirsteen Harrison, environmental and sustainability adviser, Zumo, says: “The outcomes of our Zero Hero pilot venture are massively encouraging, exhibiting each what is feasible and a big urge for food from clients for clear vitality options.”
Learn Zumo’s report on its pilot right here
,Following a profitable pilot, Edinburgh-based cryptocurrency platform Zumo has acquired authorities funding to proceed its work on decarbonising crypto.,
