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Brazil’s Largest Crypto Exchange Mercado Bitcoin to Issue 2 Renewable Energy Tokens

Amy Liu

Summary: Mercado Bitcoin, Brazil’s largest crypto exchange, reached an agreement with Brazilian energy trader Comerc to release two renewable energy tokens, according to Reuters. The first token will work as a cashback for Comerc customers who generate renewable energy through its distributed generation system, Sou Vagalume. The company plans to allow the purchase of the token ...

Mercado Bitcoin, Brazil’s largest crypto exchange, reached an agreement with Brazilian energy trader Comerc to release two renewable energy tokens, according to Reuters.

The first token will work as a cashback for Comerc customers who generate renewable energy through its distributed generation system, Sou Vagalume. The company plans to allow the purchase of the token for a fixed amount and later offer the digital asset for trading in a secondary market. Bitcoin Market and Comerc plan to launch a second token, backed by the International REC Standard. It is still in preliminary stages.

By Amy Liu

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