Banking vs Crypto: asks the key questions on energy use

Press Release - 30 Nov 2022

Banking vs Crypto: asks the key questions on energy use

The debate over cryptocurrency is one that has raged long and loud in recent years, and come to dominate many areas. It’s a debate which has become fiercely polarising, with crypto advocates staunchly believing Bitcoin and others to be the wave of the future. Others are equally convinced that digital currencies are little more than a scam .All of this had come against the backdrop of the conversation taking place with regard to its environmental impact. Viewing this raging argument from a distance, the people at were taken by the desire to further analyse that environmental impact.

This they have done in the shape of a new report entitled Bitcoin vs Banking: The Facts about Energy Usage. It’s a wide-ranging analysis that looks at precisely how much of an impact crypto may be having on global energy usage when compared to conventional banking. Looking not just at Bitcoin but some of the more important altcoins, the report seeks to bring some context to the data that streams out of online portals every day. It achieves this by setting the crypto world side by side with conventional banking and drilling down into the key details.

There is no shortage of information out there about cryptocurrency, but people on either side will admit that much of that information is sensationalised and devoid of deeper analysis. This report from is all the more important in that light, as it delivers essential comparisons between the coins that are gaining an increased foothold in our media sphere, and the banking sector which has provided our financial framework since before any of us were born.

Anyone who has wondered about the future of cryptocurrency and its implications for the standard financial sector will be delighted to check out this report and get long-overdue answers to their questions. For anyone also concerned about the potential impact on our planet from crypto and connected industries, the information is all the more valuable.