Huge capital investment is needed to create MRF, and this is done through PLAS, the security token from Plastik Finance. However, the relationship can’t be maintained if there is no MRF from the first place. That’s why Cooperative’s ownership in MRF displays the bond between the two. MRF needs non-stop supplies, while the Cooperative requires (better) trading terms. MRF and Cooperative form symbiotic relationship. MRF would sort and process the waste so they produce saleable waste forms before they can sell it (recycled waste) buyers. From Cooperative, they sell it to MRF (Material Recovery Facility). Waste pickers collect the waste and then sell it to the Cooperative. Well, with this platform, these unbanked people can finally enjoy financial access. They can use this platform to get financial access, and this is rare because waste communities are usually the unbanked parties. If they prefer the crypto token, they can actually take part in the platform. Waste pickers will be rewarded for their contribution, where they have the options to get money in token or in fiat (real) money. Plastik Finance is working in two ways: empowering the waste communities (such as scavengers, waste pickers, etc) and providing rewards to those taking part in the network. This platform wants to change it through social empowerment that uses blockchain technology. Yes, we are only able to recycle the waste in 9% of capacity while the 91% of being dumped. Although we have recycling technology, only 9% of them are functional. The world is filled with waste, almost twice the speed and also the amount of the population. Plastik Finance is a special platform designe d to deal with waste and its management.
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