Crypto News: Bitso joins Zetta, Gol preserves forest by buying MCO2 token and fintech Colb raises US$ 2.6 million

Bitso announced this week its entry into Zetta, an association that integrates the technology and finance ecosystem, in order to foster a local economic environment that promotes greater financial inclusion and innovation for Brazilians.

“More and more Brazilians are turning to crypto-assets not only as an investment with attractive yields or in search of more stability in inflationary scenarios, but mainly, given the growing possibility of being able to use their cryptocurrencies on a daily basis, for payments and everyday transactions. It is essential that we train people so that they can invest with clarity and security”, comments the new Head of Public Policy at Bitso in Brazil, Karen Duque.

According to Bitso, joining Zetta reinforces the company’s commitment to leading efforts to advance in the construction of a regulatory environment suited to the national market, aiming to help protect the investments of all those who wish to acquire and use crypto assets.

“We are honored to welcome Bitso, an important company that strengthens our group of associates. This association could not have come at a better time, when we are all united to strengthen the sector for the speedy approval of the regulatory framework for cryptocurrencies in the Federal Chamber. Fintechs certainly have significant potential in advancing the digital currency market in the country”, declares Zetta president Bruno Magrani.

Gol preserves forest by buying MCO2 token

Gol, one of the largest airlines in Brazil, announced that in a year of partnership with MOSS within the #MeuVooCompensa program, more than 7 tons of CO2 were compensated by customers, equivalent to 36 hectares of preserved forests – or even 12 football fields of native nature in Brazilian soil kept intact.

Carbon offsetting on domestic and international GOL flights is carried out through the MCO2, a fully global green token backed by blockchain, created by Moss.

Another initiative of the companies in these 12 months was the launch of the first 100% carbon neutral routes in Brazil: Recife-Fernando de Noronha-Recife and also the route that connects São Paulo/Congonhas to one of the company’s newest destinations, Bonito, an ecotourism paradise in Mato Grosso do Sul, which was even born 100% carbon neutral.

In the cases of Noronha and Bonito – not by chance sustainable destinations – it works like this: GOL and Moss assume the total cost of compensation for all flights, and they donate to all customers and crew present on both routes the certificate of individual compensation of the carbon footprint, thus neutralizing the total emissions in the round trips.

“It is very gratifying to know that the Company’s operations in Bonito and Fernando de Noronha represent a travel experience with a neutral impact on climate change and emissions”, says Loraine Ricino, Marketing and ESG director at GOL.

Luis Felipe Adaime, founder and CEO of Moss, explains that all funds go to environmental projects in Brazil.

“Since we created Moss, two years ago, we have already allocated more than R$ 150 million to projects for the conservation of the Amazon Forest. Our partnership with GOL helps us reach more and more people and expand the environmental projects we benefit from,” he says.

Fintech Colb raises $2.6 million

Blockchain fintech, Colb Finance, led by Brazilian Yulgan Lira, raised US$ 2.6 million in a financing round in Switzerland. With the resource, the company intends to expand its operations by investing in the expansion of the team, technology, marketing and communication services.

The round was led by private investors and family offices from Switzerland, Monaco, Portugal, the UK and Brazil. Colb is a smart contract platform that aims to allow access to investment funds through tokenization.

The company is currently focused on improving the user experience of its platform and making more tokens linked to funds available.