01-August-2021
Economy News
 
UN says cryptocurrencies can help fight climate crisis despite global environmental concerns
22-Jul-2021

Despite global concerns about the negative environmental impact of cryptocurrencies such as Bitcoin’s rising carbon footprint, the United Nations said cryptocurrencies and Blockchain technology powering them could be of great benefit to those fighting the climate crisis and help bring about a more sustainable global economy. In its recent report analyzing the dangers and promise of cryptocurrency technology, it said, “UN experts believe that cryptocurrencies and the technology that powers them (Blockchain) can play an important role in sustainable development, and actually improving our stewardship of the environment.”

News Source:- https://www.financialexpress.com/market/un-says-cryptocurrencies-can-help-fight-climate-crisis-despite-global-environmental-concerns/2295121/