Apple co-founder Steve Wozniak announced Tuesday that he is working with Equi Capital, Crypto's investment focused startup.
Speaking with Null Transaction, the bitcoin supporter said that he is the first time working with a blockchain company in his career, adding that "he was amazed by the technology behind [cryptocurrency]."
Equi aims to act as an investment firm, said Wozniak. According to the startup's Twitter page, he hopes to help both retail investors and professional investors to buy shares in companies in an attempt to replace traditional investment companies.
"Our approach is not like a new currency, or something of the fake kind in which an event will make it rise in value, is a share of shares, in a company, this company is doing investment from investors with huge track records in good investments in buildings such as condominiums in Dubai, a group that listed an entire condominium for bitcoins. "
Wozniak gave no details as to what his role would be at the start. He indicated that the company could register in Malta, which worked to develop a friendly regulatory environment aimed at attracting businesses in the blockchain and cryptocurrency space.
Continuing to propagate potential use cases of blockchain technology, he said, "I have met people who work in real estate boulevards, types of Uber systems, everything we have in our lives, especially in transactions – sales retail, car sales, production of goods … working on bitcoin applications … and all of them have value. "
The choice of the first cryptographic project by the technology guru is perhaps a little bit more. amazing. Equi, as reported by The Next Web, has so far had something of a bumpy ride. Initially, the launch of its token through an ICO, lack of interest and missed objectives saw the sale canceled and the pre-sale investors repaid.
A follow-up reward scheme to reward users with tokens to publicize the project also saw big problems when an early partner marketing company left, indicating the source of the news. Going for the bounty route also raises the thorny issue, as reported by CoinDesk, according to which the Securities and Exchange Commission of the United States has declared that even throwing away tokens can violate the rules on securities.
At the time of printing, the Equi website did not work.
Image by Steve Wozniak via Shutterstock