Leveraging Bitcoin & Blockchain For ‘Solar Power’ Sun Exchange Scores $1.6M From U.S. Investors

Sun Exchange, a peer-to-peer solar equipment leasing marketplace based in South Africa, has raised $1.6 million (m) in seed financing from strategic partners including New York-based Network Society Ventures and three globally leading technology accelerators from the U.S. to “accelerate global access” to solar power. They are also combining blockchain technology and cryptocurrency with solar leases.

Leveraging blockchain and Bitcoin to increase transparency and reduce the costs of the cross-border transactions, both problems that inhibit the majority of commercial solar projects – from accessing traditional funding options – the Solar Energy Marketplace hopes to transform the sector with a few taps on the screen.

Read more at Forbes
Image: Wikimedia

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