Meet Riggs Eckelberry – the CEO of OriginClear which is a company providing water treatment solutions, and the Chairman of WaterChain which is in our today’s crypto news.
WaterChain, which many know as a token project that works to crowdsource water funding in an effort to alleviate suffering as a result of the ongoing global water crisis which is not scheduled to get any better as the populations increase.
In an op-ed with Forbes, Eckelberry has spoken towards the corporate animosity regarding cryptocurrencies. According to him, this is because of two reasons – one being the companies in need for established cryptocurrency and the other again companies wanting regulated cryptocurrencies.
On top of that, Eckelberry believes that a lack of education is prevalent among the corporate entities in the crypto world. As he wrote:
“Yes, cryptocurrencies are based on the blockchain, but crypto is very different — it’s specifically about money. When I first realized that, I pivoted from the path of enterprise blockchain and focused instead on setting up a better way for my industry to crowdfund innovative projects. But I still wonder, why all the fear, uncertainty and doubt around cryptocurrencies? I think it’s probably lack of education.”
The most important part of the interview, however, comes when the WaterChain chairman is asked about the changes that will be brought by cryptocurrencies. As he believes, cryptocurrencies will create a new economy which will rarely touch the regular one.
“The latest wave is the security-compliant token. These are being offered on new, security-compliant exchanges, such as Coinbase. These will, I believe, replace the weaker, unregulated ones, and create a stronger crypto ecosystem overall. That, I think, is what companies considering a cryptocurrency strategy need to understand: As these coins gain mainstream adoption, I think they will create an entirely new economy,” Eckelberry concluded, stating that even banks that ignore cryptocurrencies might suffer.
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“We will never accept won or renminbi or francs or cryptocurrency, or any other currency. You have to relieve your debts to the state of Ohio with U.S. dollars. That’s what we’re currently accepting. This platform just allows for that exchange, basically before that debt is settled to the state of Ohio.”Sprague pointed out that the treasury is reviewing how the program can be expanded and they are looking into the potential risks that can come up by using this method of tax payments. Ohio is working hard to attract blockchain-related businesses to the state. The state has already passed a law allowing businesses to pay taxes in crypto but the State Treasurer Josh Mandel stated that the legislation ‘’pants a flag’’ in Ohio regarding cryptocurrency adoption. Two days ago, the County Auditors’ Association of Ohio announced the gathering of a group that will work to explore the benefits of blockchain in real estate and transfer of land titles.
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