Cryptocurrency’s Environmental Cost: Is There a Way Out?
Amid increasing scrutiny of cryptocurrency’s environmental cost, here’s a look at the possible solutions. Last month, Elon Musk announced on Twitter that Tesla has “suspended vehicle purchases using bitcoin” due to concerns over the “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” Tesla had started accepting Bitcoin for payments in March. “We […]
Cryptocurrency’s Environmental Cost: Is There a Way Out? Read More »
Amid increasing scrutiny of cryptocurrency’s environmental cost, here’s a look at the possible solutions. Last month, Elon Musk announced on Twitter that Tesla has “suspended vehicle purchases using bitcoin” due to concerns over the “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” Tesla had started accepting Bitcoin for payments in March. “We
