Lykke Integrates SolarCoin into Global Marketplace
Lykke, a Swiss Fintech company dedicated to building a global marketplace for trading all classes of financial assets on the blockchain, today announced the integration of the SolarCoin digital currency into the Lykke Exchange. The SolarCoin project incentivizes the generation of solar electricity through a freely obtainable financial reward. Lykke users are now able to buy, sell, and exchange SolarCoin alongside other supported currencies.
“Our users can now convert sunshine directly into francs, euros or bitcoins,” said Lykke founder and CEO Richard Olsen. “Bringing the SolarCoin currency into the Lykke Exchange is a logical extension of our long-term plan. We are always looking for ways to expand market access and increase participation. Challenging conventional wisdom is what we do best, and we will be able to do it that much better with the passionate, forward-thinking SolarCoin community on our exchange.”
“Joining the Lykke exchange enables Solar Owners participating in the SolarCoin program to have more connections with the wider financial world, creating a virtuous circle,” said Nick Gogerty from SolarCoin Foundation.
“SolarCoin has been a huge inspiration to the Lykke team. Our Natural Capital market initiative is all about turning ecology into economy, which SolarCoin has championed in spectacular fashion,” added Olsen.
SolarCoin is tradable in the form of the colored coins. To acquire a SolarCoin colored coin on the secondary market, customer needs to use Lykke Exchange accessible from the Lykke Wallet mobile application. The SolarCoin colored coins are redeemable to the SolarCoin blockchain.
Lykke is building a secure global marketplace for the exchange of all financial assets in the form of colored coins. Founded by Richard Olsen of OANDA.com, and encouraging participation from all users, the Lykke Exchange intends to level the financial playing field through direct ownership of assets and immediate settlement of trades on the blockchain. The exchange received initial seed funding in 2015.
For more information, visit lykke.com.
SolarCoin is the world’s largest community-based solar electricity reward program. Its alternative digital currency may be claimed by individuals with solar-powered homes or commercial solar electricity producers. The project promotes the use of clean, environmentally sustainable energy, with the eventual goal of shifting the levelized cost of energy away from fossil fuels. The project is worth more than $3 billion.
For more information, visit solarcoin.org.