It seems virtually every person and company aims to create their own cryptocurrency. While that is commendable, it also raises the question as to how viable all of these projects will be in the long run. The co-creator of Uber has officially announced the Eco cryptocurrency, although it remains to be seen who will use it.
What Purpose Does Eco Serve?
It is always interesting to see what newly-announced cryptocurrencies bring to the table. Garrett Camp, the co-founder of Uber, is launching Eco as a way to deal with the shortcomings cryptocurrencies face right now. His approach is to create a global digital currency which has daily use. It’s an interesting approach, although it is not entirely uncommon for people to look in that particular direction right now.