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> The traditional finance system is no more energy efficient overall. Using more power[1] to process vastly more transactions makes it more efficient. There ar
by adhesive_wombat 5y ago
> The traditional finance system is no more energy efficient overall.
Using more power[1] to process vastly more transactions makes it more efficient. There are over a billion credit card transactions per day as it is, and that doesn't include debit cards, wire transfers, BACS, Swift, PayPal, WU, AliPay, WeChat and all the others. And cash while we're at it, that's part of the system too.
[1]: Lets say it does, though transaction processing is only a small part of the financial industries. I don't even know how much the whole industry uses, let alone what fraction is transaction handling.