The willingness and drive to sustain this planet increases on a daily basis. According to studies, about ten percent of millennials are willing to spend more on services and products that are socially responsible and environmentally friendly. Their major concern is to reduce their contribution to climate change and its impact.
The ultimate way to achieve this is to minimize the release of “Greenhouse gases,” especially carbon dioxide, into the atmosphere. This is where Bitcoin (BTC) and other digital currency come into the limelight since their mining means are highly energy-intensive. Every transaction leaves a carbon footprint.
XRP (XRP) Is More Efficient and Sustainable
A recent study carried out by researchers at Stanford and the University of Stockholm revealed that the total energy consumed for 100 million Bitcoin (BTC) transactions would be enough to power 75 million light bulbs. The distributive ledger of XRP was discovered to be the most energy efficient, as the amount of energy consumed for 100 million XRP transaction would only be enough to power seven light bulbs.
XRP ledger even proved to be more eco-friendly and efficient than the VISA network, which would power up to 3,716 light bulbs with the energy it consumes from the same amount of transactions. It is obvious that XRP is the best digital currency option for those that have taken it upon themselves to preserve this planet.
It also makes business sense for investors in some nations that carbon pricing is already in place, and also when the carbon pricing comes into effect in others. XRP (XRP) will inevitably be more profitable when carbon marketing becomes a universal affair and Bitcoin (BTC) and other energy-guzzling digital currencies have to pave the way for digital currencies that are efficient and sustainable.
XRP (XRP) Price Today – XRP / USD
At the time of writing, XRP is trading at $0.2972 after an increase of about four percent over the past twenty-four hours. The current market cap of the digital currency is $11.79 billion and its trading volume over the past twenty-four hours is $255.40 million.