Hub Culture Joins Clinton Global Initiative, Supporting Commitments With Ven Digital Currency Technologies
22nd Sep 2014
Hub Culture announced in New York it has joined the Clinton Global Initiative (CGI), one of the world’s leading engagement communities for aid and innovation, with a focus on using Ven digital currency to support a wide range of member commitments.
As part of its membership commitment, Hub Culture is offering Ven technologies as a tool for financial inclusion, aid development and environmental projects related to existing and upcoming CGI commitments. Over 370 million Ven have exchanged in currency markets this year, up from 30 million at the end of last year, with a goal of 1 billion Ven to be deployed to target projects in the coming year.
Ven is the first and only digital currency to begin working directly with CGI and its global membership, and the partnership aligns with a similar recent commitment between Ven and the UN Foundation focused on charitable giving (#givingtuesday).
Ven and the Clinton Global Initiative
In addition to being a CGI member, Hub Culture is specifically targeting financial inclusion, aid delivery and environmental stewardship for projects related to Ven. Working with the CGI community to support existing commitments in these areas defines the initial scope, with discussions underway on deployment to projects that lower the cost of remittances and increase transparency in aid deployment. On climate, Hub Culture is seeking partners to offset emissions and carbon liabilities using Ven, which delivers concrete benefits at a substantial savings via its underlying carbon-linked DNA. These benefits are achieved through the inclusion of carbon futures into the underlying asset base of Ven, resulting in growing financial investments in carbon as the circulation of Ven grows.
Hub Culture Founding Director, Stan Stalnaker announced the membership at a dinner hosted by the Clinton Global Initiative in New York saying “We are thrilled to bring Ven to the CGI community as a powerful tool to support member commitments. Using Ven, aid organizations, corporations, NGOs and sovereigns have a highly efficient way to measure, exchange and deliver value globally while reducing friction and helping nature. Everyone wins.
CGI partners and members will have access to Ven for development projects, commitments and other activities as Hub Culture works to develop integration of the Ven into related projects over the course of 2014 and 2015. For more information, CGI members are encouraged to schedule a meeting onsite with Hub Culture.