The American arm of Greenpeace, a non-governmental multinational environmental group, has stopped accepting donations in Bitcoin (BTC) amid rising issues in regards to the crypto’s affect on the world’s ecology, it informed Financial Times yesterday.
“As the quantity of power wanted to run Bitcoin turned clearer, this coverage turned now not tenable,” stated a spokesperson for Greenpeace USA.
The group first started accepting Bitcoin donations back in 2014 via payments processor BitPay. At press time, the corresponding page equally states that Greenpeace is now not accepting BTC—or any different crypto.
“Greenpeace USA now not accepts donations within the type of Bitcoin or any cryptocurrency,” says the donation web page on BitPay.
Notably, the initial announcement of Greenpeace supporting Bitcoin donations has additionally been scrapped from the group’s web site.
“As a totally impartial group, we don’t take cash from companies or governments and rely totally on particular person donations,” stated Ben Kroetz, Greenpeace USA director of on-line technique, within the 2014 announcement. “BitPay’s fame as a trusted and safe third get together Bitcoin cost processor made it simple for us to start accepting Bitcoin thus opening us as much as new markets and donors.”
“Bitcoin ought to die”
However it appears that evidently these days, environmental issues have been outweighing the advantages of publicity to new markets and donors. Larisa Yarovaya, a lecturer at Southampton College and a former Russian Paralympic swimmer, even went so far as suggesting that Bitcoin “ought to die for the widespread good.”
“Bitcoin might be the primary inefficient model of a disruptive know-how. It ought to die for the widespread good of the planet and get replaced by a brand new mannequin. It consumes extra electrical energy than a rustic. All the remainder is element,” Yarovaya informed Monetary Occasions.
She additional argued that Bitcoin’s power consumption can’t be justified even by the coin’s excessive value since BTC is a speculative asset that doesn’t “create a considerable quantity of employment” neither is it extensively used for transactions.
In the meantime, Tesla and SpaceX CEO Elon Musk, who was one of the well-known proponents of crypto, has additionally been elevating issues about Bitcoin’s environmental affect not too long ago.
To be clear, I strongly consider in crypto, however it could actually’t drive an enormous enhance in fossil gas use, particularly coal
— Elon Musk (@elonmusk) May 13, 2021
Tesla additionally stopped accepting Bitcoin payments for its vehicles—after introducing the choice simply a few months earlier.
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