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What to Expect from IOTA (MIOTA) Partnerships This Year?

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IOTA, ranked among the top ten best coins on the global coin ranking list, has been the center of attention for the past couple of weeks as it scored an important partnership with the largest financial group in Norway. Also, IOTA has been crafting plans to integrate IOTA’s Tangle with Volkswagen technology in order to revolutionize the industry of vehicles and bring the Internet of Things to the automotive industry.

With these two partnerships, alongside with more than several important partnerships that IOTA sealed prior to having the integration of Tangle into Volkswagen’s products arranged and agreed upon, it seems that IOTA foundation is heading for a fruitful year.

Volkswagen to use IOTA for Connected Car System in Early 2019?

Back on June 12th, one of IOTA’s followers on Twitter social network, directly asked IOTA’s co-founder with posting his question publically whether is it true that Volkswagen will integrate IOTA for Connected Car system already in 2019.

The question was soon answered by the co-founder of IOTA, Dominik Schiener, where he stated that Volkswagen has announced that they will be using IOTA as integration for their first product under the mentioned project already in early 2019.

The co-founder of MIOTA stated that Volkswagen has stated this live and onstage, so it is presumed that the first product with the integration of IOTA’s Tangle will become a reality already in the first months of the next year of 2019.

Ever since the Volkswagen’s CDT joined the Advisory Board of IOTA with the Volkswagen partnership being seal back at the beginning of 2018, in January, IOTA seems to have taken the progress of the Internet of Things more than seriously, and that is why we can see MIOTA thriving in the domain of mass adoption and the integration of its technology for different real-life purposes.

IOTA has already gotten the first-ever crypto charging station for electric vehicles in the Netherlands, however, with Volkswagen it seems that the development of the Internet of Things with IOTA’s Tangle comes at a faster rate.

That is how we can expect to see a lot more to come from MIOTA and Volkswagen in the time to come, while many people, crypto enthusiasts or not, are waiting to see IOTA in the working once Volkswagen releases their first crypto driven product, as scheduled for early 2019.

IOTA and DnB Partnership

Another one of the most recently acquired partnerships that could easily boost the development of MIOTA in the market alongside with Volkswagen, is the newest agreement co-signed with Norway’s largest financial group – DnB.

The partnership was announced back at the beginning of June, while DnB showed interest in blockchain-based technology and crypto assets numerous times before in initiating the partnership with IOTA.

However, although the agreement between the two parties was signed, it is not clear under which terms will DnB using IOTA’s technology, but is for sure that IOTA will somehow be integrated into the payment system of Norway’s largest financial group in the following months.

What is known for now is that DnB will be using the Distributed Ledger Technology as well as exploring their possibilities with IOTA.

The CEO of IOTA has stated that Norway always showed “vanguard” tendencies towards adopting and exploring new technologies, stating that they are happy to have become partners with DnB.

The CEO of the 9th-largest currency, however, hasn’t talked about the main motive of the sealed partnership, leaving the public to wait for probably another revolutionary announcement coming from this blockchain-based foundation.

Perhaps, the relation between DnB and IOTA will also become clearer in 2019, that way bringing IOTA more momentum in the terms of already reaching the spotlight with Volkswagen’s Connected Car project that will be using IOTA and Tangle for creating a significant bond between vehicles and the Internet of Things.

IOTA (MIOTA) Performance

IOTA is catching on the negative market trend that has become active since yesterday, on June 21st around noon.

At the moment of this writing on June 22nd, MIOTA can be seen dropping against the dollar by over -10%, while it can be traded at the price of 1.03$ per one unit.

IOTA is still far from its all-time high of around 5$, but never too far, which probably showcases a flattering level of stability that MIOTA has acquired in the market.

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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

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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