Online Payment Platform Stripe Is Going To Spend $1 Million To Fight Climate Change

Climate Change

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Climate change has become a major concern and there are many multinational companies actively contributing to make our environment better. Well, Stripe is one of them.

If you don’t know what Stripe is, it is basically an American technology company that allows individuals and businesses to make and receive payments over the Internet. It is based in San Francisco, California. It allows online merchants to accept credit card payments, Apple Pay, or even Google Pay for goods and services.

The founders of this company is planning to spend a quarter of a million dollar to import a special type of sand to a remote Caribbean beach. The main component of this sand is olivine that is otherwise known as gemstone.

According to a report, “Olivine is coarsely milled and will be brought to the water’s edge so that the waves can grind it up. This will apparently help the ocean to absorb more carbon. Many people may not realize this about the August birthstone, but peridot has a unique climate change fighting ability. The gem is a magnesium iron silicate that is able to absorb carbon dioxide from the air”.

One out of four investors of this company has come up with this plan. There is another deal that will fund a new project. It is all about to put carbon into concrete in order to strengthen it.

The third deal is all about taking biomass that would normally decompose and release carbon (think almond shells) and use it to produce bio-oil for burial far underground.

The Company is spending almost $1 million dollars for these projects.

Microsoft also notices this impactful role played by Stripe. The Company said that it would invest $1 billion into carbon removal. Jennifer Crider, spokesperson of Microsoft said, “It’s terrific to see companies like Stripe making bold commitments about carbon removal”. The effect of climate change can be drastic.

According to a report published on cleantechnica.com by Johnna Crider, “The avenues chosen will probably come as a bit controversial, though, as it’s widely considered that the best bang for the buck to cut global warming emissions comes from investing in the deployment of clean energy or electric vehicles. For $1 million, much more impact can be made cutting CO2 emissions. This is still a free country, though, and people are drawn to different solutions for a variety of reasons. Also, there’s always potential to cut costs while scaling up and maturing”. This is a very important step and many people can benefit from it.

Start accepting credit card online and/or in your store today! , Fill out the below form for a free consultation, we will get back to you shortly:



    Start accepting credit card payment today!

    Fill out the below form, we will get back to you shortly

    More To Explore

    Do You Want To Boost Your Business?

    drop us a line and keep in touch

    IPScolor version 1. a

    Focus on your work while we take care of your Visa / MasterCard processing for you!


    Debit machine thermal paper roll 2 1/4

    Receipt thermal paper roll 3 1/8

    Poynt thermal paper roll

    Kitchen printer paper 2 ply

    Ingenico iwl battery

    Hyosung halo 2 ATM machine

    Merchant Services

    Credit and debit machines

    Pay At Table terminals

    Online payment processing

    Virtual terminal

    Point Of Sales system

    Gift card program

    Retail ATM

    Fraud & chargeback prevention

    Cash advance

    Donation & Fundraising management



    About Us

    Contact Us



    ISO/Agent Program

    Site Map

    “International Payment Solutions” and “RapidCents” name and logo are trademarks of Ascentrio Inc. The Interac name and logo are trademarks of Interac Inc. The Visa and MasterCard logos are trademarks of Visa International and MasterCard International Incorporated. The American Express logos are trademarks of American Express Company and Amex Canada Inc Other trade names may be trademarks of their respective owners. Ascentrio Inc is a registered MSP/ISO of the Canadian branch of U.S. Bank and Elavon. Ascentrio Inc is a First Data Canada Ltd (fiserv) Partner and Registered MSP/ISO of Wells Fargo Bank, Canadian Branch, Toronto, ON, Canada. New applicants are subject to conditions and Approval of the application by International Payment Solutions and its partnering banks.

    Copyright © Ascentrio Inc 2020. All rights reserved. 

    Terms & Use

    Privacy Policy