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Bitcoin Exchange CoinCorner Goes Carbon-Neutral

UK-focused Bitcoin exchange CoinCorner has gone carbon-neutral.

The company announced on Tuesday that it has calculated the carbon emissions produced by staff commutes, office electricity, partner companies utilized, and every transaction it passes through the Bitcoin network, and has partnered with two charities to offset those emissions.

As part of its carbon neutrality pursuit, CoinCorner has pledged to plant at least 6,000 trees a year.

"We know CoinCorner going carbon neutral may seem like a small step in the grand scheme of things, but we believe it is necessary and will strive towards being a completely renewable energy company," CoinCorner CEO Danny Scott commented on the move.

With its carbon neutrality pledge, the exchange is joining a growing list of developments involving sustainable solutions for Bitcoin businesses. Earlier this month, Bitcoin infrastructure firm Blockstream revealed a partnership with banking group Macquarie, aimed at building a new bitcoin mining facility with a focus on renewable energy sources.

Even Bitcoin legal tender pioneer El Salvador may soon get into environmentally friendly bitcoin mining, with President Nayib Bukele announcing in June that the Central American country was looking into building mining facilities in the vicinity of some of its 11 volcanos, utilizing the geothermal energy in the area to power their operations.

Meanwhile, Lightning Network adoption is continuing its uptrend: with El Salvador's Bitcoin Law, millions of Salvadorans now have access to Lightning on a daily basis. And only last week, Twitter integrated a Lightning tipping feature, allowing a number of Twitter users to receive tips via Lightning.

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Thomas is a journalist at the BTC Times. He enjoys writing about Bitcoin, learning about Bitcoin, and HODLing bitcoin.