© Reuters.
BOGOTÁ – Colombian President Gustavo Petro has started discussions with JAN3 CEO Samson Mow to adopt an eco-friendly Bitcoin mining system using flare gases from oil production. This meeting, which took place on Wednesday in Bogota, is part of Colombia’s strategy aimed at integrating innovative technologies into the country’s economy and strengthening the autonomy of marginalized communities.
President Petro and Mow discussed the possibility of integrating this ecological extraction method into the operations of Ecopetrol, Colombia’s national oil company, with a focus on its ability to reduce CO2 emissions. This eco-friendly approach to Bitcoin mining reuses flare gas, a byproduct of oil extraction that is typically burned, helping to mitigate its impact on the environment.
Discussions also focused on the opportunities offered by the in terms of financial inclusion, particularly for communities living in regions like La Guajira. By leveraging cryptocurrencies, these communities can access new forms of energy projects and economic participation. President Petro has demonstrated a strong commitment to these initiatives and plans to create government working groups aimed at integrating bitcoin into the country’s economic fabric and regulatory systems. This would allow financial institutions such as Banco Agrario de Colombia to offer Bitcoin-related services.
JAN3 was tasked with developing comprehensive proposals for flare gas mining projects. In partnership with local stakeholders, JAN3 will work to involve communities interested in Bitcoin mining in energy projects.
This article was generated and translated with the help of AI and reviewed by an editor. For more information, see our T&Cs.