Amber Group is partnering with climate technology company Moss Earth to purchase $ 2 million worth of carbon offsets.

Amber Group, a leading cryptocurrency trading and technology company, today announced a strategicpartnership with climate technologyby Moss Earth, the world's first and largest green carbon tokenization platform. Under the agreement, Amber Group acquired 250,000 carbon tonnes of MCO2 offset tokens; that's about enough to offset the cost of over 280,000 BTC transactions.

«Climate change is the main issueour time. Joining forces with Moss Earth will be a major pillar of our commitment to a carbon-neutral business and a path to a long-term carbon-negative commitment that we will announce soon,” said Michael Wu, Founder and CEO of Amber Group. «We will work to offset our carbon footprint, empower our users to act on that commitment, and ultimately act to eliminate the carbon emitted since Amber Group began operations in 2017.»

As an important step towards accomplishing thisCommitments The Amber Group is announcing its initiative to offer its users a carbon footprint offset option that allows anyone to offset the carbon footprint associated with their transactions by purchasing MOC2 tokens - Moss tokens designed to offset carbon footprint.

MCO2 launched by Moss in March 2020year, is equivalent to one carbon credit - a digital asset that confirms the prevention of the emission of one ton of carbon dioxide into the atmosphere. Through the certification process and the minting of MCO2 tokens, funds are directed towards conservation projects in the Amazon.

«We are very glad that such an authoritativeA fintech unicorn like Amber Group has taken on the fight against climate change – and we are honored that Amber Group has chosen to do so by supporting MCO2. We believe that adding liquidity to this transparent way to offset carbon emissions is key to making it easy and adding this habit to our daily lives,” says Louis Adaime, founder and CEO of Moss.

 

«The world is facing a serious emergencysituation. Business must take responsibility and help its stakeholders contribute to achieving the common goals of humanity. As a fast-growing global fintech unicorn, we have a responsibility to take a leadership role in the fight against climate change and empower our users to contribute to achieving these lofty but non-negotiable goals,” added Michael Wu.

About Amber Group

Amber Group is one of the world's leading suppliers ofservices in the field of crypto-finance, operating worldwide with twelve offices on three continents. To date, Amber Group has raised a total of $ 128 million in funding from the world's top investors including Tiger Global Management, DCM Ventures, Paradigm, Pantera Capital, Coinbase Ventures, Blockchain.com, Polychain Capital, Dragonfly Capital, and Fenbushi Capital. For more information visit the website or contact us at.

About Moss and the MCO2 token

Moss is a climate technology company,specializing in environmental services and operating all over the world. In 2020, it created the first carbon-backed token that is used to offset greenhouse gas emissions. During the year of its existence, Moss and its clients have committed more than US $ 15 million to the Amazon, helping to save about 500 million trees. The MCO2 token is already listed on platforms such as Mercado Bitcoin and FlowBTC, and globally on ProBit, Uniswap and Gemini. A carbon credit is a digital certificate that is equivalent to avoiding the emission of one tonne of CO2 in a given year through, inter alia, projects to conserve forests, clean energy and biomass.

We would like to note that the project entered the Russianthe market recently presented its application - Amber App, the project team managed to attract more than 5,000 active users in Russia in a fairly short time.

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