Paypal plans to reward Bitcoin mining firms who take steps to reduce the environmental effects of their operations.
PayPal's proposed solution will leverage Energy Web's “Green Proofs for Bitcoin” platform certifying miners based on their grid impact and clean energy source.
This strategic collaboration leverages the principles of crypto economics to promote environmentally sustainable mining practices. It offers a novel approach to an industry often criticized for its high energy consumption.
PayPal's Blockchain Research Group wants to designate “green miners” and reward them accordingly with additional Bitcoin.
PayPal and EnergyWeb are collaborating on a solution that rewards bitcoin miners for using low-carbon energy sources for their operations.
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