The famous beach resort of Piriapolis in Uruguay has found an innovative use of cryptocurrency.

And that is by encouraging citizens to deposit their plastic waste at a specific collection point and get digital currencies in return for it, in addition to deals and discounts on purchases from specific stores.

According to the “Times of India” newspaper published last Sunday, one can see a number of Uruguayans carrying huge pieces of plastic remains to a landing point near the beach.

For a minimum weight of one kilogram, they will be rewarded with one hundred to four hundred “plasticoins” on their smartphone, depending on the nature of the plastic.

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“plasticoin” can be used later in selected stores to access discounted offers.

The process as a whole is an innovative way that seeks to preserve the environment and engage citizens in that by promoting and encouraging their civilized behaviors using digital currencies.

The initiative was taken by Juan Rivero and Nicole Weas, enthusiasts of crypto and environmental protection who persuaded the government entity, the National Development Agency (ANDE), which oversees technological growth and innovation in the country, to try out this unique project called “plasticoin”, which aims to Clean up affected coastlines with cryptocurrency.

Simply put, it will encourage people to properly separate trash and collect plastic in exchange for some plasticoin.

“plasticoin” which will have a corresponding set of products and services associated with it.

The plastic shops were set up stationed on the area to be cleaned and the beginning was in the coastal area of ​​“Piriápolis”.

According to Mr Rivero, the primary motivation for this project is to clean up the beach by persuading people to register themselves online and deposit plastic scraps at any of the three collection points.

The participants with household plastics will be awarded one hundred “plasticoin” coins. And the plastic residue collected from the beach is estimated at two hundred “plasticoin”. While the value of microplastics is estimated at four hundred “plasticoin”.

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The Plasticoin project has been gaining prominence since its launch in January. And theReceive The project was funded by $5,000 from the government and got more than 1,000 participants in less than three weeks.

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