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Norwegian Oil Businessman Enters Blockchain, Buys Garbage for Crypto
A Norwegian startup Empower offers crypto to the public for cleaning the local beaches from garbage. This is an expansion of the current public scheme in which people are paid 15 or 30 cents for returning plastic bottles to shops for further recycling.
Find garbage, get some crypto
Wilhelm Myer, the founder, is the CEO of Nordic Ocean Watch, who is apparently well familiar with the ecological situation on the sea shore. About a year ago he entered the Blockchain industry. Now ordinary people are rewarded with “waste tokens” for bringing garbage to any registered collection point which send it on to be recycled. Earlier in his career, he got a lawyer’s degree, bought an oil field and set up a solar energy business.
Alexander GoborovGoing global
The startup’s CEO intends to boost his DLT business on a wider scale by launching his waste collection point on the Bali island by the time when Our Ocean Conference 2018, taking place on Oct. 29-30, begins.
Besides, he plans to bring crypto to the unbanked population of the third-world countries, offering coins to people for bringing plastic garbage for recycling and providing them will electronic wallets. One kilo of waste will be rewarded with a $1 equivalent in crypto.
He says that he is a strong opponent of banks and is happy with the idea of contributing to the financial system where banks are unnecessary.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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