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

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IOTA

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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Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

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 like Bitcoin and Dash, to help protect their assets and hard-earned…

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