For the most part, people involved in recycling their trash do so for altruistic motives rather than for profit. However over in Malaysia, a company that runs a gold backed cryptocurrency now wants to pay people for helping the environment by issuing them tokens each time they recycle their garbage.
Hello-Gold is launching 500 vending machines across Malaysia that convert plastic bottles and aluminum cans to investment-grade gold. The fintech company has teamed up with Malaysia’s reversevending machine (RVM) company KLEAN to bring about a recycling scheme that offers Malaysians 0.00059 grams of gold for each recycled plastic bottle or aluminum can.
After depositing the recyclables, they can then convert KLEAN e-credits into gold through an integration between the KLEAN digital wallet and the HelloGold mobile app. The e-credits can also be exchanged for airtime, smart card credit, and food vouchers, according to KLEAN’s website. – Economic Times of IndiaNow, isn't it a better idea to encourage people to clean up the planet by offering them incentives like gold rather than through the use of scare tactics such as man-made global warming?
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