Paypal’s crypto emissions now make up more than 15% of its carbon footprint
The crypto assets held by Paypal on behalf of its customers more than doubled between 2022 and 2023, reaching US$1.2 billion.
Paypal has managed to reduce its energy use and carbon footprint in recent years – but crypto emissions are creeping up.
The crypto assets held by Paypal on behalf of its customers more than doubled between 2022 and 2023, reaching US$1.2 billion. At the same time, the fintech’s crypto-related emissions went from 68,000 tonnes to 80,000 tonnes, even as its overall carbon footprint declined to 515,100 tonnes.
