Amazing news for the cryptocurrency world, the United Kingdom giant Jaguar Land Rover has decided to enter into the crypto world. Yes, indeed, the entry will come about by the teaming up of Jaguar Land Rover with the IOTA foundation, the company whose aim is to create a future economy.
So what is the exact step? Jaguar Land Rover is presently testing smart wallet technology that will enable the drivers to earn digital currencies while driving. The drivers only need to share the information regarding the condition of the roads and traffic situations prevalent in a particular place at a particular time. Sounds simple isn’t it. This indeed is going to give a boost to the Cryptocurrencies and bring them to the limelight. The information provided by the drivers in the real time will be passed on to the drivers who are stuck up in traffic and they will take different route to the reach the location. They will reach their location on time.
The credits earned in the form of digital currencies through providing data can be redeemed by a different range of services such as purchasing a cup of coffee on the road, paying toll taxes, parking and even plugging in the electrical charging station (for electrical vehicles). Jaguar Land Rover is presently testing the wallet in Ireland. The step is indeed going to bring digital currencies in the limelight and other automobiles and Multinationals Corporation will also be keen to enter into the crypto world.