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Green Finance Briefing: ‘Business as usual’ is proving unsustainable for banks
Banks and large financial institutions can be viewed as businesses that were built on the traditional profit-centered capitalist model. But climate change is forcing everyone to rethink their strategy – business as usual is proving to be unsustainable.
But what does it really mean to be a bank sustainable? How can a bank make climate change a priority? These were the questions on the mind of Ken LaRoe, a banker who felt the need to “do something more than just making people a bunch of money”.
LaRoe’s newfound mission lies with Climate First Bank, which aims to help reverse the climate crisis by aligning with four of the UN’s Sustainable Development Goals. The journey is still difficult.
Take a look at the charts
1. How open banking works
Source: WhiteSight
2. Two years ago, crypto prices
Source: KuCoin
Today’s stories
Coinbase bullish about NFT revenue
Coinbase could see an additional $1.26 billion in revenue through its NFT segment (CoinDesk)
Bessemer goes deeper into crypto
Bessemer Venture Partners is the latest VC firm to increase its crypto focus by launching a decentralized autonomous organization (CoinDesk)
On-demand pay is in demand
Payroll services firm DailyPay has secured a $300 million revolving credit facility from Barclays (Fintech Finance)
Ripple to give out 1 billion XRP in developer grants
Ripple is committing 1 billion XRP to accelerate development and new use cases on the XRP Ledger (Finextra)
Coinbase allows users to add funds to their wallets directly
Coinbase is introducing a new tool, called Coinbase Pay, which simplifies the process of loading cryptocurrencies into your wallet (The Verge)
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