Chilean company becomes the first carbon neutral cryptocurrency platform on the planet

PRESS RELEASE from Buda.com

(Machine translation)

• This operation comes to alleviate the great energy jobs of the global bitcoin network, which consumes 80 TWh per year, approximately the same expense that countries of the size of the Philippines or Belgium make.
• Buda.com projects that its customers help mitigate an equivalent of 1,800 tons of carbon dioxide per year for cryptocurrency transactions.
• The marketplace achieved this sustainability validation after a long period of work and research by a partnership with the PIC Foundation.

One of the major concerns worldwide is the environmental deterioration of our planet. In this sense, energy expenditures appear as one of the major issues to be efficient and solve. In that context, the Bitcoin network – despite being very efficient in the use of electricity – employs 80 TWh per year, a figure not less because it corresponds to the consumption of countries the size of the Philippines or Belgium. Thinking about this, Buda.com…