Trashcoin Bags Investment To Clean Up Waste With Digital Rewards
♻️ Meet Trashcoin
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Trashcoin is a Nigeria-based startup that turns plastic waste into digital value for households and businesses.
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They've just secured fresh funding from Jambaar Capital.
🇳🇬 The Waste Gap
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Nigeria produces 32 million tons of waste every year. But there is a catch. Only 10% of that trash is actually collected.
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The local government is still yet to launch a convincing waste management policy. This gap leads to heavy pollution and leaves local communities missing out on potential income.
📲 Trash to Tokens
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Trashcoin uses a digital platform where users swap plastic, paper, and glass for tokens.
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People can redeem these tokens for cash or health insurance.
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So far, the team has signed up 15,000 users and processed over 500 tons of waste.
🌍 Scaling Up
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The new capital will help Trashcoin open more physical collection hubs.
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They are also planning to upgrade their mobile app to handle more traffic.