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

by Mike Robinson

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IMF suggests eco-friendly CBDCs as well as non-PoW payment mechanisms

A study by the International Monetary Fund on energy consumption revealed the significance of designing choices in the crypto ecosystem for a more environmentally-friendly mainstream payment system.

In the study, titled “Digital Currencies and Energy Consumption,” the IMF examinesThe energy consumed by crypto assets is based upon their unique design elements. This allows us to determine the best mechanism for development. central bank digital currencies (CBDCs).

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