Crypto exchange Gemini strives for greener Bitcoin
2 min readThe Gemini Cryptocurrency Exchange, operated by the Winklevoss twins, intends to invest in the “decarbonisation” of BTC. The cryptobourza thus announced a long-term initiative called Gemini Green.
Green BTC and Gemini
In a recent press release, the crypto exchange announced that it was cooperating with the non-profit organization Climate Vault, which is striving for “carbon” neutrality. The Gemini crypto exchange aims to solve the environmental problems of BTC and its decarbonization.
“As BTC becomes a dominant repository of value, it is essential to incorporate sustainability for future generations. We are very proud to be able to partner with Climate Vault to balance our exposure to non-renewable mining and contribute to the decarbonisation of BTC. ”
Gemini has thus become one of the other crypto exchanges that promise to be carbon neutral and support the ecological mining of BTC. The San Francisco-based cryptocurrency exchange, FTX, was the first to show interest.
Shortly afterwards, the cryptocurrency exchange BitMEX followed. Michael Saylor, who heads the Cryptocurrency Mining Council, which involved many North American miners, also joined the initiative. The initiative is currently looking for future partners.
“We are currently researching which organizations would be most effective to work with, and we are also committed to publishing details of how much and to whom we donate.”
Conclusion
The ecology of the world’s most important cryptocurrency began to be addressed after Tesla CEO Elon Musk stepped in. Many initiatives are emerging around the world that focus on the extraction of BTC from renewable sources and the more environmentally friendly operation of cryptocurrency.