NEW YORK, Jan. 21, 2022 (GLOBE NEWSWIRE) — MELD, a cryptocurrency company that lets you be your own bank, has helped the Cardano Foundation achieve its goal of being fully funded under Cardano Global Impact Challenge.

Cardano’s Global Impact Challenge was an invitation to its global community to donate to Veritree using the $ADA cryptocurrency, with the goal of planting one million trees. Each ADA donated is equivalent to planting one tree.

The Cardano forestry project has achieved its goal and MELD has contributed significantly, taking the project over the line with a contribution equivalent to 175,000 trees planted in total. Half of the funding came from MELD, and the other half was due to a generous pledge from Veritree, which matched the trees donated by MELD.

Jeremy Firster, Head of Partnerships and Managing Director of the Cardano Foundation, said, “I am delighted to see MELD playing a leading role in supporting the Global Impact Challenge and innovations in ecosystem participation. Community involvement is at the heart of what makes Cardano great. The Cardano Forest represents the power of the ecosystem and what can be achieved through inclusivity and collaboration towards common goals for a positive impact on society.”

MELD CEO Ken Olling added, “We knew about the initiative since its launch at the Cardano summit in September and we were very impressed with this new reforestation solution. We wanted to support a project that is also leading the way. for others in terms of transparency and accountability, which are lacking in areas such as reforestation. »

For more information on the Cardano Global Impact Challenge, please visit: https://ito.veritree.com/.

About MELD – Be Your Own Bank:

We believe it is essential that everyone takes control of their financial life and has equal access to the financial instruments used by professionals, not just centralized institutions, governments or the 1%. We want to bring financial freedom and control to the masses, including the unbanked.

Our long-term goal is to enable the $15 trillion who are currently excluded from the global economy, including 2 billion people worldwide who are underbanked or have no access to banking services, to access these tools. These are the people who pay the highest fees, who get the worst customer service, and they are the ones who have the most problems.

Our vision is to create an ecosystem that empowers individuals to take back financial control by providing them with the tools and services they need to manage their money on their terms. Whether it’s creating a Collateralized Debt Position (CDP) with cryptocurrency, earning a return of interest to lend fiat to borrowers, or even participating in reward incentive programs, we strive to provide our users with the functions they need to manage their own financial lives.

For more information on MELD and the world’s first ISPO, please visit https://meld.com/.

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Contact: Christine Weissmann | Attika Intelligence | [email protected] | 321-203-9325

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