Tred - UK fintech makes debit card from recycled plastic

Introduction

Debit cards have remained a popular payment medium in our society today. Many people - perhaps you included - have more than one debit card for making payments and other banking transaction. There are millions of such plastic debit cards used by people around the world. You can only imagine the amount of climate degradation caused by the production and disposal of these cards after use. So when a fintech is helping reduce the carbon footprint of plastic card use, its laudable.

One such fintech in the UK is taking this challenge personal by making debit cards completely from recycled plastic. Among other things, the use of recycled plastic helps to remove one of the largest land pollutants from our environment. At the same time, Tred is helping customers spend money where ever and whenever they wish. More important, it is giving every user the opportunity to make decisions that will heal the planet instead of ones that hurt it.

The green fintech with cool innovations

Tred is not just about the recycled debit card, its a complete fintech that cares about the environment. Tred wants you and your business to make decisions that are great to fight climate change. Sustenability starts by becoming aware of the impact of your financial decisions on climate change. So Tred has an app that users can install to calculate how much each bill, each spending or purchase hurts the environment. Learning about your financial carbon print helps to understand that our choices matter in the fight against climate change.

So there are a number of ways that Tred makes such you enjoy green banking and help our earth to heal. They include the following:

• Sustainable investments: As a fintech, Tred provides banking services to customers. Once you open the Green account, you can do every transations a standard bank offers like accepting deposits, making transfers, and paying for purchases. Tred like other fintechs invest in other industries using customers deposits. But unlike other businesses that invest purely for profit, Tred invests ethically.

Tred only invests money in businesses and industries that are green. It simply means that any industry that is producing or consuming fossill fuel would not be allowed to partner Tred. Customers are thus assured that their money is not used in growing organizations whose production process are not environmental friendly.

• Money management insight: Tred has an app that automatically calculates how much carbon your financial decisions are contributing to the environment. The app does not stress the user. It simply tracks your spending on each item and shows how to adjust to ensure your finances are green.

After letting you know how your finances are making the climate bad, the app makes recommendations of places to change in your finance. Tred has lots of green business partners whose practices are sustainable. The app could recommend users to some of the green businesses for purchases and transactions that will help the user reduce or eliminate their carbon footprint.

• Investment in green startups: Another things that makes Tred amazing is its support for new businesses that are making green products or adopting sustainable solutions in the production process. For example, using solar energy instead of fossil fuel makes a business green and thus attracts the approval of Tred.

So if you have an innovative idea you wish to float or a new business you wish to kickoff, then Tred might consider partnering with you if the product is green. By financing businesses that care about the environment, Tred is contributing to a green future for all. Then also comes the green debit card.

A green debit card for all

The next big thing about Tred is its green debit card. Like I mentioned at the beginning, the card is made from recycled plastic. That is very sustainanble and environmental friendly. Beyond the immediate impact, there are other things that make Tred debit card a popular choice. Because it is made from free material, the card attracts zero fees both when ordering it and spending from it.

Many debit cards today attract transaction fees for its use. Some also charge annual renewal fees. But because this card has a small production cost, there is no fee attached to its use.

Tred debit card also generated revenue a portion of which is used to support green projects. This is another way both the card user and Tred the fintech are putting hands together to ensure that we have a better climate now and for future generations. If you wonder where in particular the donation goes, here is what the Tred team says about it:

For every payment made on your Tred card either in person or online, we donate a percentage of the spend to reforestation projects either local to us in Yorkshire or around the world. source

Tred card has Master card backing. So the card is accepted globally, anywhere you see the Master card logo. The physical card could be shipped to customers beyond the UK. Tred will be making a virtual debit card so that international customers who that want to take a step further can get a virtual card, thus reducing the need for a physical one.

Finally

If you care about the environment and wish to go green, then Tred debit card is a big option for you. You have to research about this project on your own before deciding to use it. That is important.

• Tred debit card
• Tred Fintech

Note: Thumbnail from Pixbay

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