Santoso, Henrycus Winarto and Tanaya, Olivia and Levina, Priscilla and Astanto, Theresya Jeini and Ajiedragono, Fritz and Lim, Raymond (2022) Financial revolution of payment methods toward energy efficiency growth: Which one is the most sustainable? In: AIP Conference Proceedings 2644, The 10th International Conference on Applied Science and Technology (ICAST2021), 25–26 October 2021, Kuala Lumpur, Malaysia.
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Abstract
Environmental issues have been a crucial concern in every global sector. One sector that might cause environmental problems is the financial sector. Surrounding issues come from various factors such as the usage of fossil fuels that lead to global warming and climate change which slowly assassinate human beings. This article will focus on efficiency comparison between using paper money, plastic cards and cryptocurrency. The main goal is to prove which of the three financial payments is the most energy-efficient in the past, present, and future. The parameters used in this study are electricity usage and CO2 emissions. The whole analysis is based on a quantitative-descriptive method which provides in depth analysis of electricity usage and CO2 emissions level among financial equates from every generation. Even though plastic cards have the highest efficiency level initially, over time, cryptocurrency is going revolutionary, making them more efficient than paper money and plastic cards. This proves that cryptocurrency could be the most energy-efficient payment method in the future.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economic > Department of Economic |
| Depositing User: | OLIVIA TANAYA |
| Date Deposited: | 10 Nov 2022 07:14 |
| Last Modified: | 19 Jan 2024 05:21 |
| URI: | http://repository.ubaya.ac.id/id/eprint/42856 |
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