Trash collectors in Africa earn crypto to support families with ReFi

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Tue, January 14, 2025

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Wed, January 8, 2025

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Trash collectors in Africa earn crypto to support families with ReFi

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Trash collectors in Africa earn crypto to support families with ReFi

//business-finance.news-articles.net/content/202 .. a-earn-crypto-to-support-families-with-refi.html

Published in Business and Finance on Wednesday, January 8th 2025 at 11:20 GMT by CoinTelegraph
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

We are cleaning the environment, because without us, the city will be too dirty," explains Jane Mago, a waste picker from Dar es Salaam, Tanzania. Her words underscore the environmental challenges bedeviling much of Africaâ€”from polluted oceans and the menace of plastic bottles to poorly managed waste.

The article from Cointelegraph Magazine discusses how trash collectors in Africa are earning cryptocurrency through a project called ReFi (Regenerative Finance), which aims to support environmental sustainability and provide economic opportunities. In Nairobi, Kenya, and other parts of Africa, individuals like John, a former street child, collect plastic waste and earn tokens through the ReFi platform, which can be converted into cash or used for various services. This initiative not only helps in cleaning up the environment by recycling plastics but also provides a steady income for people in impoverished communities. The project uses blockchain technology to ensure transparency and efficiency in transactions, allowing collectors to track their earnings and the impact of their work. ReFi projects are part of a broader movement to integrate financial incentives with environmental conservation, promoting a circular economy where waste is transformed into value, thereby supporting both the planet and its inhabitants.

Read the Full CoinTelegraph Article at:
[ https://cointelegraph.com/magazine/trash-collectors-in-africa-earn-crypto-to-support-families-with-refi-projects/ ]

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Trash collectors in Africa earn crypto to support families with ReFi