The global payments technology company Visa, together with Carbonplace, a carbon credit settlement platform, has developed a carbon credit system and has conducted a successful pilot transfer.
For the transaction, Visa purchased Verra-certified credits from Sustainable Carbon, a carbon credit project developer. The transfer, using Carbonplace’s settlement technology to boost the speed, efficiency, and security, supports the growing demand for voluntary carbon credits and hopes to drive private sector capital towards global climate solutions.
