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IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments -Breaking


IMF endorses environmentally-friendly CBDCs, and non-PoW payments mechanisms

The International Monetary Fund’s (IMF) analysis of energy consumption showed the significance of designing choices in the crypto ecosystem for building an eco-friendly mainstream payment system.

You can find the Study entitled “Digital Currencies and Energy Consumption,” the IMF examined the energy consumptionTo determine the best mechanism to develop crypto assets, we evaluated their design elements. central bank digital currencies (CBDCs).

Energy consumption per transaction (in kWh) for core processing different payment systems. Source: IMF