Canada

How it Works In Plastic Bank recycling ecosystems, collectors collect ocean-bound plastic (plastic collected within 30 miles of the ocean or waterway leading to an ocean) and deposit their recyclables at a local Plastic Bank branch or certified partner location. The plastic is sorted by type and colour, then weighed. The corresponding value is deposited into their digital account. Plastic Bank members receive a bonus in addition to the market value for their plastic. This ensures Plastic Bank members receive a stable and fair earned income. They can store and redeem the value at any time at a Plastic Bank branch or certified partner location. When a collector registers with Plastic Bank they receive a blockchain-secured digital wallet, virtual identity information, trust score and credit score. Through the digital platform, collectors and their families can become eligible for health insurance and school tuition. 

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