Uber co founder wants to create a new cryptocurrency?

Garrett Camp who is the co founder of uber is launching his own cryptocurrency.

The currency will be called "Eco" and Camp wants it to be a digital global currency that can be used as a payment tool around the world, maybe like paypal?

Notably there will be no ICO ? which means no money will be raised for the project, and also lets the project avoid any potential legal issues which have now become prevalent with most major ICOs and that i think is not a bad idea.

First, it wants to use only "verified nodes" for network support and transaction confirmations, meaning someone anonymous couldn’t run a node, they are basically trying to make a cryptocurrency which they can report back to government.

I think bill gates will be proud lol.

Second, Eco will have a large token supply one trillion and simple web and mobile apps.

I don't think its going to be mineable either.

I don't know but i think it will be pretty successful because of the names involved, what you guys think?