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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