Jaguar testing IOTA rewards for drivers, MIOTA shoots up by 11.6% 🚨 This article is 5 years old...
Jaguar testing IOTA rewards for drivers, MIOTA shoots up by 11.6%
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Updated: Nov. 7, 2019 at 2:37 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Jaguar Land Rover is testing a “smart wallet” using IOTA; If launched, vehicle owners would be rewarded for sharing driving data and could “pay for tolls, parking, and charging for electric cars” using the cryptocurrency, according to Reuters on Apr. 28th.
IOTA is a distributed ledger that, unlike Bitcoin which leverages a blockchain data structure, uses a directed acyclic graph (DAG) to achieve scalability and high transaction throughput. The crypto is often lauded as a solution for internet-of-things (IoT) applications.
On Apr. 28th, Reuters reported that Jaguar Land Rover, a British multinational automotive company owned by Tata Motors, is testing an IOTA-enabled wallet at its engineering base in Shannon, Ireland, where the Jaguar F-PACE and Range Rover Velar are being fitted with the software. The company has yet to announce a release date for the software.
Jaguar F-PACE courtesy of Wikipedia
Dominik Schiener, the IOTA co-founder told Reuters that the smart wallet technology can be “easily adapted into all new vehicles.”
Binance IOTA/BTC on Cryptowat.ch
Following the 16:15 PDT news release, the price of MIOTA on Binance, the exchange with the largest trading volume, shot up from 0.00004918 BTC ($0.252) to 0.0005488 BTC ($0.283), an 11.6 percent increase.
Market Data
At the time of press 2:37 am UTC on Nov. 7, 2019, is ranked #17 by market cap and the price is up 4.28% over the past 24 hours. has a market capitalization of $801.75 million with a 24-hour trading volume of $24.8 million. Learn more about ›
Crypto Market Summary
At the time of press 2:37 am UTC on Nov. 7, 2019, the total crypto market is valued at at $246.56 billion with a 24-hour volume of $102.09 billion. Bitcoin dominance is currently at 67.67%. Learn more about the crypto market ›
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IOTA
$0.23798
IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other applications where a scalable decentralized system is warranted..
Bitcoin
$64,283.32
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
Dominik is an Italian entrepreneur and co-founder of IOTA, where he’s focused on building the Machine Economy through Open Source Software.