MIOTA in the fast lane: Jaguar Land Rover integrates IOTA wallet

Jaguar and Land Rover riders can soon earn MIOTA in the car. The largest British car manufacturer Jaguar Land Rover announces the integration of a so-called Smart Wallet. The announcement is followed by a veritable price-pump.

As autonomous driving gets closer, the communication between the vehicles becomes more important. For traffic data such as congestion information could automatically replace cars in the future. This should be conducive to the flow of traffic and reduce congestion.

But it is still a long way to go until self-driving cars dominate the roads. Traffic data, however, does not necessarily have to be automatically transmitted by machine. Finally, the drivers themselves could send traffic jams or information about the road conditions on certain sections to other road users.

Driving a car and earning MIOTA

This makes the partnership between Jaguar Land Rover and IOTA possible. Reuters reports that the UK’s largest automaker is testing the installation of a smart wallet that will allow MIOTA to store and earn tokens.

For example, anyone who communicates congestion information to other road users may be pleased about the distribution of MIOTA. Participation in ride-sharing programs, so-called ride shares, is likely to be even more rewarding in the future.

Jaguar Land Rover is currently testing Wallet integration in its Jaguar F-PACE and Range Rover Velar models. However, when the technology is ready for series production is not known. There are also few details of the distribution modalities of MIOTA. A press request from BTC-ECHO has so far remained unanswered.

IOTA connects the Internet of Things

IOTA’s focus on machine-to-machine communication clarifies the message again. After all, the Foundation has long been seeking to link automatic machine payments with the Internet of Things. “The smart wallet technology can be easily integrated into new vehicles,” said IOTA founder Dominik Schiener to Reuters.

In doing so, IOTA relies on network effects. Because automated communication – and payment processing – between machines only makes sense if all use the same token. With the large number of tokens that the ecosystem currently has in its ranks, the competition is also great for IOTA.

Investors rejoice

In the course of the report, however, MIOTA investors were pleased about the strong price gains. Over the past 24 hours, the price has risen by an impressive 18 percent.

MIOTA seven days performance

As a result, MIOTA is one of the few top coins in the green category.