2021-09-01 11:00:26
Accelerate Financial Is Planting Trees in Exchange for $$ Invested in Its BTC ETFAccelerate Financial Technologies Inc. is planning to unveil a new bitcoin-based exchange-traded fund (ETF) soon, and in return, the company has
stated that it will plant more than 3,000 young trees as a means of fighting the carbon footprint that mining bitcoin is alleged to leave behind.
Accelerate Financial Technologies Is Trying to Offset Bitcoin’s NegativityOver the past several months, there have been many arguments that mining cryptocurrency is somehow hazardous to the environment. Many feel that extracting new units from the blockchain and placing them in circulation somehow does irreversible damage to the Earth’s atmosphere, and many are concerned that in allowing the mining process to continue, we are walking down an irreversible path that the planet will never return from.
Interestingly, this attitude is not just shared by local environmentalists out there. This fear is felt by many prominent and leading figures in the digital currency space, Elon Musk being a prime example. As the man behind both Tesla and SpaceX, Musk was quick to announce
earlier in the year that car buyers could engage in buying a Tesla with bitcoin if they so wished. However, he later rescinded this decision claiming that
he was worried about the mining process.
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