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Ripple CEO says that each Bitcoin transaction costs 75 gallons of gas

Brad Garlinghouse, Ripple CEO, said in a recent interview with Bloomberg that each Bitcoin (BTC) transaction consumes energy equivalent to 75 gallons of gasoline.

During the conversation with the publication, the businessman attacked the environmental aspect of cryptocurrency mining.

“As the price of Bitcoin goes up, the energy consumed and the carbon footprint of the proof of work system also escalate aggressively,” he said.

Ripple CEO Brad Garlinghouse

Ripple CEO Brad Garlinghouse (image: CNBC)

“Also, we must not forget that each transaction with the currency is equivalent to 75 gallons of gasoline being burned,” concluded Garlinghouse, regarding the crypto.

On the other hand, the CEO of the company that produces the cryptocurrency XRP did not present the data that corroborate his claims.

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