Nothing boosts a better than of a big partnership and they have been few and far between during the crypto winter. Many have simply flat-lined at their lowest levels for a long time but one has recently been revived on the of a big partnership.
Jaguar Land Rover to Offer IOTA Rewards
Britain’s largest auto manufacturer announced yesterday that it has begun testing software that will allow drivers to be rewarded in for sharing data. The added that Jaguar Land Rover is developing a ‘smart ’ that will be installed into vehicles to enable crypto deposits. Drivers would be able to earn for sharing information such as traffic conditions, or potholes via automatic sensors connected navigation providers or local traffic authorities.
Crypto rewards could also be earned for participation in ride sharing programs and they can be used to pay tolls, parking fees or charging points for electric cars added Jaguar. The firm stated that it had the goal to “achieve zero emissions, zero accidents, and zero congestion,”
According to the report the new technology is being tested at the new Jaguar Land Rover software engineering base in Shannon, Ireland. The Jaguar F-PACE and Range Rover Velar models have already been fitted with the ‘smart ’ and engineers will be testing with the .
co-founder and board co-chairman, Dominik Schiener, told Reuters;
“The smart technology can be easily adapted into all new vehicles. wants to enable interoperability with all these different players. So there is no Jaguar coin, no BMW coin, but one universal for this machine economy,”
Not all are convinced was the right choice and the maximalists chimed in as expected;
Jaguar will start giving as rewards to its drivers…
Then they’ll figure out that is vaporware…
And instead will do what they should have done all along…
Reward their drivers with
— Josh Rager 📈 (@Josh_Rager)
However, what he fails to acknowledge is that it is unlikely that the network would be able to handle the volume of transactions necessary to facilitate this new crypto ecosystem.
IOTA Market Reaction – FOMO City
As expected markets reacted instantly and the surged from an intraday low of $0.26 to $0.32 and is still going. Daily volume had also doubled from $10 million to $25 million at the time of writing. The 20 percent pump has been a long time coming for which has dropped way down the in recent months.
let’s rip
— The Crypto Dog📈 (@TheCryptoDog)
Since the beginning of the year has lost 13 percent and has been extremely bearish. In contrast coins like BNB have made 300 percent this year so has a lot of catching up to do. From its all-time high of over $5 the Tangle based has dumped almost 94 percent and has been one of the recently. has been pretty inactive since September last year and has flat-lined for the past seven months.
prices 24 hours. Coinmarketcap.com
This partnership could finally be the lifeline that needs to pull it off the bottom and get back into bullish territory. The only hope for MIOTA hodlers is that a big dump does not follow today’s pump.
Image from Shutterstock
Published at Mon, 29 Apr 2019 07:40:25 +0000
