Every toco represents one tonne of carbon dioxide removed from the atmosphere. The more you use toco for your everyday money and payment needs, the more carbon you help remove from the atmosphere.
Toco is launching in Switzerland
Not in Switzerland? Find out how you can bring toco to your community here
The payment network is committed to compliance and consumer protection. It supports regulatory efforts in the fight against money laundering, terrorism, and other unlawful behaviour. Every wallet goes through a KYC (Know Your Customer) process during registration to ensure the integrity of the payments platform is maintained.
The network is built on blockchain technology and designed with your security in mind.
Only your passcode can access the wallet. If you lose your passcode you can recover your wallet using the 12 secret words you're given when you sign up.
Your wallet, your money. You are the only person with access to your wallet. No one else, not a bank, financial intermediary, or the Carbon Reserve, has access to the money in your wallet.
Tocos are represented by credible verified carbon mitigation assets such as offsets, credits and avoidances. The numbers of tocos in circulation cannot increase without the supply of carbon mitigation assets increasing.
Getting paid has never been easier. Send payment links or flash QR codes. You no longer have to wait for bank transfers.
Initiatives around the world, such as reforestation, exist to remove carbon dioxide from the atmosphere.
The C02 removed or avoided from these projects can be bought and sold as carbon credits or carbon mitigation assets.
The Carbon Reserve purchases these assets and mints toco such that 1 toco = 1 tonne of carbon removed.
The more tocos circulating in communities, the more carbon mitigation assets need to be bought by the Carbon Reserve. This increased demand leads to more investment in new carbon removal initiatives.