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IOTA (MIOTA) Makes it into the Auto Industry: Here’s Why

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IOTA
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IOTA is finally trading in the green while going up against the dollar as the market is finally showing some improvement. As of the latest change in the last 2 hours, the majority of currencies are going up, while MIOTA makes no exception. However, we are more interested in the list of all the partnerships IOTA has acquired during the previous period, realizing that all of the sealed partnership were actually strategic. So, after getting its own IOTA charging station for electric vehicles in the Netherlands a couple of weeks ago IOTA is now working on new goals.

IOTA and the Auto Industry

Going above TRON during the massive rebound in April, IOTA has reached the spot of the 9th-best currency in accordance with global coin ranking list and due to its market capitalization. During its rebound, IOTA even managed to have its first IOTA charging station for electric vehicles set up for active operation in the Netherlands, which contributed to the mass adoption and showcased one of the real-life purposes that match the technological capabilities of MIOTA’s network, Tangle.

However, this is not the end of the story of mass adoption and real-life use of decentralized ecosystems, as IOTA has made some remarkable partnership in the previous period, that way making its strategic move towards its next plan.

Having been partnered up with companies like Volkswagen and Porsche, which are both automotive magnums, IOTA is making room for having its technology reaching the industry of automotive and electric vehicles.

With Tangle, IOTA has a plan to enable easy and simple, cost-effective connectivity between machines, creating decentralized machine-to-machine communication which would be driven by MIOTA.

In this case scenario, machine-to-machine communication model would serve the purpose of connecting your vehicle to your computing system in order to achieve better driving performance and get the most out of your vehicle.

That way, IOTA can create decentralized applications that serve the purpose of preventing car crashes and accidents on the road, simply and easily by using the technological capabilities of Tangle, which is a superb and fast decentralized ecosystem, although with a different infrastructure when compared to other platforms.

With Tangle, IOTA goes beyond traditionally known blockchain- based platforms but makes up for its own industry while being connected to the Internet of Things, considering it the future model of business ventures and industry collusion.

IOTA, partnered up with massive auto companies, can even establish a transfer system that would serve the purpose of paying for different services and products, all through your vehicle.

This could be easily done with Tangle, given the fact that IOTA can successfully perform machine-to-machine communication, which is probably the main reason why these auto giants were interested in partnering up with IOTA in the first place.

Besides from Porsche, Volkswagen, and IOTA, 30 more companies related to the auto industry have joined the movement called Mobility Open Blockchain Initiative (Mobi), with the purpose of presenting connectivity resolutions for machine-to-machine communication in the auto industry, all supported by Tangle.

This alliance could most probably sky-rocket IOTA while presenting it to its real-life purpose.

How is IOTA doing at the Current Moment?

April was pretty benevolent to MIOTA as this currency managed to acquire a pretty smooth rebound, while it also launched first crypto charging station for electric vehicles and sealing very important partnerships within the auto industry.

With May 13th, the market trend also seems to be changing as we can see the majority of currencies moving up.

Holding onto the spot of the 9th-best currency, MIOTA is also going up against the dollar today while trading in the green.

Following the latest change in the market after a week-long trend of plummeting, MIOTA has gone up by 4.43% against the dollar in the last 24 hours.

In addition to collecting gains against this fiat currency, MIOTA is also going up against Bitcoin, while trading in the green and rising up by 2.40% against this crypto.

After the latest change in the market, MIOTA can now be traded at the price of 1.91$ per one unit. With this pace of growth, it is realistic to expect to see MIOTA reaching and breaking through the value of 2$ per one unit in the following days. However, this case might be postponed in case the market turns sluggish again.

IOTA made its record price of around 5.20$ per one unit back at the end of December of 2017 when it was predicted that the current year of 2018 would be THE year for cryptocurrencies, which isn’t far from the truth if you take a close look at how far certain assets have gone.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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