OriginClear® Files Trademark For $H2O as a Water Coin Designed to Streamline Payments for Water Services
OriginClear Inc (OTC Pink: OCLN) has filed a trademark application for the mark $H2O, aimed at representing its planned blockchain payment system for water services. CEO Riggs Eckelberry stated that this initiative will streamline payments and reduce errors. The company also filed a patent for using blockchain and NFTs in payment distribution for outsourced water treatment. While the current Water On Demand system operates using standard financial channels, OriginClear is exploring blockchain solutions to enhance user experience and benefits for investors and partners.
- Trademark application for $H2O could symbolize innovation in water payment systems.
- Investment in crypto development resources may enhance payment efficiency and reduce errors.
- The patent application for blockchain technology could provide a competitive edge in the water treatment market.
- Current operations of Water On Demand do not utilize blockchain, which may delay potential benefits.
- Reliance on the success of patent applications introduces uncertainty regarding future advancements.
OriginClear Inc. (OTC Pink: OCLN), FinTech for Clean Water™, filed a trademark application for the mark $H2O™.
The OriginClear $H2O Coin could enhance ease of use, billing and customer benefits, and be an important benefit to investors, partners and end-users. (Graphic: OriginClear)
“We’ve applied to trademark this universal symbol for water, H2O, with the customary dollar sign prefix for cryptocurrency, representing our planned blockchain system,” said OriginClear® CEO Riggs Eckelberry. “We intend to invest in crypto development resources to enable it to streamline payments and eliminate human error. And we believe $H20 has even more potential beyond that.”
Earlier, OriginClear announced that it had filed a patent application for using blockchain technology and non-fungible tokens (NFT) to simplify the distribution of payments on outsourced water treatment and purification services billed on a pay-per-gallon basis ahead of inflation, known as Water On Demand. https://www.originclear.com/company-news/originclear-files-patent-application-to-simplify-water-treatment-payments-using-blockchain-technology-nft
As currently in development, Water On Demand™, FinTech for Clean Water, does not rely on any blockchain system for its operation, and can accomplish its operational goals using ordinary financial and currency channels. However, we are researching and developing solutions along the way to further enhance ease of use, billing and customer benefits, and believe $H20 could be an important benefit to investors, partners and end-users.
About OriginClear, Inc. OTC Pink: OCLN
Water is broken. Washington is allocating more than a hundred billion dollars to fix our 150,000-plus water systems, but runaway inflation could doom that effort. What can we do? The solution is Direct Action by local businesses to clean and recycle their own water. We’re here to help “cut the cord,” with outsourced pay-per-gallon programs and a potential digital currency to streamline payments. To serve these businesses, our prefabricated, Modular Water Systems™ can deploy rapidly as Water Systems In A Box™. OriginClear is working to make water the next great asset class, combining potentially great gains, with even greater good for the world. To learn more about OriginClear®, please visit our website at www.originclear.com.
For more information, visit the company’s website: www.OriginClear.com
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OriginClear Safe Harbor Statement:
Matters discussed in this release contain forward-looking statements. When used in this release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein.
These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable laws. There cannot be any assurance that the Company’s patent application will result in the granting of a patent.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210527005917/en/
FAQ
What does OriginClear's trademark application for $H2O signify?
How might the $H2O Coin benefit investors and partners?
What are the implications of OriginClear's patent application for blockchain technology?
Is the Water On Demand system currently using blockchain technology?
What risks are associated with OriginClear's forward-looking statements?
