Can A “Green Bitcoin” Solve Crypto’s Sustainability Problem? ...Middle East

OILPRICE - Economy
Can A “Green Bitcoin” Solve Crypto’s Sustainability Problem?
Amid a rise in demand for cryptocurrencies, especially in emerging markets, and an increased appetite for sustainable finance globally, efforts are under way to develop a so-called “green Bitcoin” – that is, an ecologically sustainable cryptocurrency. Last year proved to be a boom year for cryptocurrencies, with the pandemic forcing many people to make payments online, thus moving them away from physical cash. Indeed, as OBG has detailed, cryptocurrencies have experienced significant growth in emerging markets. According to statistics…

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