On Monday one of our senior editors at CryptoArticles had the opportunity to interview a senior Manager who works at Exxon for nearly 30 years. His name is Mr E. Joris and during his distinguished career at Exxon he developed many different strategies and build up Exxon facilities all over the world. He is also a close family member of one of our senior editors and thus has been introduced into the world of crypto.
We found it an excellent opportunity to interview this giant of industry and his take on the whole Crypto world.
Mr Joris you know a bit about Crypto and everything revolving around digital currency. What is your take on Crypto?
Well Serge I have to divide the “crypto”group into different sections. The first section can be called the more active coins like Bitcoin, Dogecoin, Litecoin, Razorcoin,Blackcoin and others. From a usefulness perspective these coins can be used for nearly everyday purchases digital currencies are here to stay regardless what some crypto skeptics may think. For example adding value to your cell phone prepaid card to buying a subscription for a newspaper some crypto are becoming quite popular.
The second group are the ones that may have great ideas but where nothing really happens, except pump and dump tactics. These pump and dump tactics doesn’t mean that these coins are ‘bad’ or ‘unworthy’, it is just that if developers of the coin haven’t thought about real time implementations and things people can do with some of these coins. For example i’ve seen coins like Tittiecoin and others like it. What can such a coin offer the community, both digital and real?
That is the problem with most of these coins in the second group. They have either strange names, no further interest from the community, no real defining quality on what community members can do with the coin etc. It can be also a combination of circumstances.
From a business standpoint the first group can be advantageous if it can be incorporated into the strategies of said company. Here are enough examples all around us. A pub owner wants to offer other payment options for some services he provides. This can become very popular indeed as we can see in the Pembury tavern.
Do you have any “help” or insights you can provide for local businesses or big companies concerning Crypto?
Like you stated in one of your previous articles a local business can test if integration of crypto into one’s business is viable without much risk and cost.
I don’t understand that not more local businesses try to incorporate Crypto into their business models and/or offer Crypto as a viable payment option. It is a great way to distinguish the local business from the big businesses in the same sector and thus creating something unique and possibly generate more profits. This action will give incentive to crypto enthusiasts to go and buy items at local shops.
Most big businesses do have other laws and regulations they need to adhere to, something a local business doesn’t need to or have other, less restrictive laws and regulations. As such this will make the local businesses especially fertile grounds for the implementation of crypto.
I see that in the near future more small business holders will find their way to crypto.This will give the local businesses the extra boost they need to counter the heavy competition of the big businesses.