And that’s just Visa.
www.eia.gov/consumption/commercial/…/pba4.php
That lists the energy usage of banking and financial office space to be 18 billion kWh, or 64.8 petajoules.
And even that is just office space. Doesn’t factor in the manufacture, distribution, transport, storage, and disposal of physical money, or any other associated costs.
overzeetop@lemmy.world 9 months ago
On the flip side, global banking processes something like 5+ orders of magnitude more transactions than ETH, so even at the low end it’s 1000x more efficient than the most well known POS coin.