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

Brazil’s Largest Crypto Exchange Mercado Bitcoin to Issue 2 Renewable Energy Tokens: Report
Mercado Bitcoin, Brazil’s largest crypto exchange, reached an agreement with Brazilian energy trader Comerc to release two renewable energy tokens, Reuters reported Wednesday.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.Brazil’s current system of distributed solar generation grants incentives for investors. Through this setup, users of Sou Vagalume obtain discounts equivalent to between 15% and 20% of their total bills.Comerc currently…