#FREEBITCO COME ON

On Sep. 15, the Ethereum network completed its most significant upgrade to date the Merge. Ethereum migrated to a PoS consensus mechanism, and that resulted in an immediate drop in total energy consumption of the network.

Before the Merge, the network's total energy consumption in 2022 ranged between 46.31 TWh/yr to 93.98 TWh/yr. The number started dropping post-Merge, and now stands at 0.01 TWh/yr.

In comparison, the BTC PoW network and YouTube consume 200 TWh/yr and 244 TWh/yr respectively. This means that every Ethereum transaction consumes around 0.03 KWh, and its carbon footprint stands at 0.01 kgCO2.

Visa and Mastercard Partner With Crypto Entities to Launch Crypto Cards

Blockchain.com has partnered with Visa to launch a crypto card that allows users to pay using their crypto balances. Blockchain.com revealed that this card will be available to only US residents initially, and that there would be no sign-up or annual fees, no transaction fees and users would earn 1% of all purchases back in crypto.

This news comes after Visa announced earlier in October that it had partnered with FTX to roll out a crypto debit card in 40 countries. However, Visa isn't the only payments processing giant to do so.

Mastercard announced a partnership with BitOasis, the premier crypto platform in MENA countries, to launch a crypto card in early 2023. It will enable BitOasis users to link their wallets and convert crypto to fiat, and Mastercard's global merchant network will further facilitate transactions.

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