Credits: Observer 24/7

Uber soon to drive the crypto world crazy with ECO!

Seeing juices, bananas joining the crazy crypto bandwagon, Uber’s co-founder Garrett Camp decided to step on the crypto accelerator by announcing the launch of new cryptocurrency called ECO, according to a Fortune report.

Camp is excited and positive about his cryptocurrency, he has designed a blueprint for his new digital coins which is going to fix some of the issues that well-established cryptocurrencies are facing. He wants to make the use of crypto effective and fulfill the purpose of virtual money that is to serve as an instant, affordable, and borderless means of payment for the masses.

Garrett is looking forward to the success of ECO as a true digital currency that will be effective and usable as a mode of payment around the world. He says,

“The more research I did, the more I was not really wanting to buy a large amount of any one of them. I realized it might be better to release a new project from a different philosophical standpoint with cooperation from a lot of universities, scientists, and research institutes—like the Internet.”

Read more: Kodak joins the Great Cryptocurrency Bandwagon

Credits: Mashable

In the initial stages, Camp is planning to issue 1 trillion digital tokens. 50% of the total will go to the first billion people with verified accounts, 20% to the universities running trusted nodes and the remaining 30% will be equally divided between advisors, strategic partners, and network’s creators and maintainers.

Now let’s just wait to see if ECO happens to go places like Uber or cancels the ride midway.

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