PayPal joins forces with Energy Web to promote low-carbon Bitcoin mining

IconCrypto News Terminal23 Apr, 2024

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PayPal joins forces with Energy Web to promote low-carbon Bitcoin mining

PayPal and Energy Web, a non-profit developing open-source software for energy solutions, are collaborating to create an incentive program for Bitcoin (BTC) miners who use low-carbon energy sources. PayPal's blockchain research team revealed in a blog post on Tuesday that it has developed an energy-validation platform to reward mining operations with a lower environmental impact. This program aims to encourage sustainable practices within the Bitcoin mining industry and reduce its carbon footprint.] Previously on 22 April 2024, PayPal and Energy Web announced the development of an incentive program for low-carbon Bitcoin mining, highlighting their commitment to sustainability in the cryptocurrency sector.

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