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The drive and the will to preserve this planet increase every day. Studies have shown that almost seven out of ten millennials are willing to pay more for products and services that are environmentally friendly and socially responsible. The main concern is to minimize our contribution to climate change and its effects. The main way to achieve this is to reduce the emission of "greenhouse gases", in particular carbon dioxide, into the atmosphere. It is to this end that Bitcoin and other altcoins have been thrown into the spotlight because the means by which they are extracted is energy intensive.
Every financial transaction leaves a carbon footprint, whether evident or not. The Paris Climate Change Agreement requires countries to monitor their emissions. As a result, businesses and investors must demonstrate that their business model is helping to create a stable climate. Carbon taxes are one of the ways to finance the fight against climate change. The higher the carbon emission of the production process of an organization, the more it is obliged to pay in carbon tax or permits. It is here that the choice of investments in cryptocurrency becomes essential.
A recent researcher at Stanford and the University of Stockholm has shown that the energy consumed per 100 million Bitcoin transactions would be enough to power 75 million light bulbs. Ripple XRP ledger has proven to be the most energy efficient, using enough energy for just seven light bulbs. It is even more environmentally friendly than the visa network, which would consume enough electricity to power 3,716 light bulbs for the same number of transactions.
Show that XRP is the best currency option for those who are serious about preserving this planet we call home. It makes economic sense for investors in countries where carbon prices are already in place, and when those prices come into effect in others. Ripple XRP is bound to be more profitable when carbon marketing becomes a global business and Bitcoin, along with other energy energizers, must pave the way for sustainable digital resources.
