Madrid, May 3, 2023.
La Bicicleta Café, a well-known Madrid establishment, will accept the Ethix token as a means of payment, to be used to guarantee the incorporation of new farmers to the Ethichub loan platform and reinforce the Compensation System
The agreement announced between EthicHub and La Bicicleta Café inaugurates a new term within the Blockchain ecosystem: “crypto-ethical signatures”. An initiative that aims to “facilitate access” and “optimize” traditional concepts such as Corporate Social Responsibility (CSR) of companies, using Blockchain technology. As Íñigo Molero, EthicHub’s head of communication, explains, a crypto-ethical firm “is a reinvention of the traditional CSR concept, because now any entity, regardless of its size or area of activity, can contribute to supporting social projects like ours, natives of blockchain technology, always based on their possibilities and in a simple and transparent way”. And on this last point, he highlights that “one of the most significant and innovative things is that anyone can verify the involvement of Crypto-Ethical Firms at any time, simply by consulting a block explorer”. In the announcement of the first Crypto Firm -Ethics the public address used by La Bicicleta Café has been included: 0x3222CA5745a7B139CD2c8d73180eE69e76a6c49e (CELO Blockchain)”And taking a look, we see that, to this day, La Bicicleta Café is materializing its trust in our small coffee growers by contributing Ethix in two collective collaterals : the one proposed by the ANEPAAN community and the most recent one by the SPR Cosechando Riqueza, both in Mexico, and they have also allocated Ethix to reinforce our compensation system for greater peace of mind for investors.” For Quique Arias, head of La Bicicleta Café, “this initiative arises in our desire to support this project in every way, and for this reason we have decided that the payments received in Ethix return to the EthicHub ecosystem, either by providing endorsement to the new communities that join the platform, through the Collective Collateral, or contributing to the compensation system, to guarantee the solvency of the financed projects”. EthicHub is a veteran project of the Blockchain ecosystem that emerged in 2017, with a proposal aimed at facilitating the financial inclusion of small producers of raw materials excluded from the traditional banking system. On their platform, anyone can finance a project and receive an annual return on the loan, making it possible for the farmer to access much cheaper financing than they currently suffer. During this time, EthicHub’s work as pioneers of Regenerative Finance (ReFi) on Web3 has been recognized nationally and internationally with different prizes and awards for innovation, financial inclusion, and social, economic, and environmental impact. The most recent was the award granted by the Association of Trusted Blockchain Companies -INATBA, as the “most promising” ReFi Project in 2023. In the EthicHub triple-impact ecosystem, the Ethix token plays a determining role. One of its functions is to provide collateral for 100% of the loans requested by farmers in what is known as “Collective Collaterals”. In the event of default, this collateral would be liquidated to compensate the investors of the projects. And if that wasn’t enough, then the “Compensation System” would kick in as another added layer of security for investors in projects funded on the EthicHub platform. With the announcement, La Bicicleta Café, the first “Crypto-Ethical Firm” to become involved in EthicHub’s purpose of favoring the lives of unbanked small producers, manages to generate a triple impact with the use and possession of Ethix tokens; social, economic and environmental.
Contact Contact name: Íñigo Molero Contact description: Íñigo Molero Contact telephone number: 658809083
