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IOTA (MIOTA) Partners Up with Norway’s Biggest Bank

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IOTA
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IOTA is among the top 10 coins, currently holding the rank as the ninth-best crypto on the global coin ranking list. What drives IOTA to stay on top is a strong capacity of its “blockless” technology called Tangle, alongside with the involvement of IOTA in the Internet of Things. Moreover, IOTA is one of the rare coins to have found its way towards a real-life purpose as well as the mass adoption of IOTA technology and MIOTA units. So, after the first charging crypto station for electric vehicles, IOTA is now taking everything to the next level by partnering up with Norway’s biggest bank.

IOTA signs an Agreement with Norway’s Bank DNB ASA

At the beginning of June, it was evident that IOTA won’t stop with having MIOTA charged electric charging station when it comes to developing the Internet of Things.

Besides from exploring the boundaries, or better aid possibilities in a borderless ecosystem of IoT, IOTA seems to be working on mass adoption as well, which has been going in its favor with the latest proof that the MIOTA charging station for electric vehicles stationed in the Netherlands is indeed functional and fast.

However, in the terms of developing and exploring the Internet of Things, IOTA has recently partnered up with Norway’s biggest bank.

The mentioned bank is called DNB ASA and it represents the largest banking service in Norway while it also represents one of the largest banks in the mentioned area.

Since DNB ASA banking service and IOTA share the same objective when it comes to the Internet of Things and machine-to-machine communication, the two parties have signed an agreement where both IOTA and DNB promised to work together on “innovation and co-creation in the space of citizen-centric innovation, machine economy and decentralized data marketplaces” as stated in the Medium post published on May 31st by the head of Biz Dev of IOTA.

IOTA’s Tangle to be Used for Research and Development of IoT

The two parties, DNB ASA, the largest Norway’s banking service and IOTA, have agreed to bring their forces together in order to explore and develop a new digital innovation landscape in which Tangle will be the main spinning wheel.

Norway’s largest banking service already has a history of working with decentralized blockchain-based technology, and will as of the most recent turn of events collaborate with IOTA in order to use Tangle for creating an innovation ecosystem for the Internet of Things, while developing machine economy and decentralized marketplaces.

IOTA makes up for the first and by far the only ecosystem that runs on a blockchain-based blockless system called Tangle, while being designed and launched specifically for the purpose of building the future of the Internet of Things. That is how IOTA becomes one of the first cryptos ever to get a chance to be used in real life machine-to-machine communication, powered by Tangle of course, which made the MIOTA charging station for electric vehicles as a true success as it was later demonstrated in front of a live audience.

That is how it is expected to see IOTA thriving towards mass adoption and radical development of the IoT-related ecosystems, economy, marketplaces and different projects that fit the requirements of machine-to-machine communication and IoT related systems, protocols and products.

IOTA has held a live demonstration of the crypto charging station for electric vehicles a couple of days ago, showing that charging your Tesla with MIOTA charged station that is driven by Tangle, is simple, easy and fast, while the payment is processed in a matter of seconds.

IOTA and the Market Performance

The market seems a bit shaky, once again showing signs of a sluggish return; however, some of the currencies seem to be rising up against the dollar although with minor gains.

That is how MIOTA is trading up in the green while climbing up against the dollar by a minor rise of 0.89%.

Ranked as the ninth-best crypto on the global coin ranking list, this asset can be traded at the price of 1.73$ per one unit with great odds of getting near the price of 2$ per one MIOTA.

Earlier in January, IOTA has set a record value of over 5$ per one unit, but due to its stability in the market, we didn’t see it go far off from its all-time high.

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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

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