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TU/e coordinates EU project to push next-generation private and secure online payments (www.tue.nl)

submitted 8 months ago by [email protected] to c/[email protected]

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A new online payment system that is socially, ecologically, and fiscally responsible, to make finance easy for common people. That’s the aim of the Next Generation Internet pilot named NGI TALER. This project, coordinated by the Eindhoven University of Technology (TU/e), is operated by a consortium of eleven partners from eight European countries with the objective to roll out an innovative electronic payment system for the greater benefit of European citizens, merchants, and banks.

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[–] [email protected] 3 points 8 months ago

So this probably won’t impact energy usage at all.

The banking/payment industry today runs extremely power hungry systems to process payments, so my guess would be the new system runs much more efficiently.

Source for banking CO2 footprint