MIOTA spikes on partnership with Jaguar Land Rover
IOTA foundation announced on Monday 29th April that they will be partnering with Jaguar Land Rover to enable drivers to earn IOTA for sharing traffic information, which can then be used to automatically pay for tolls, parking, and electric charging.
Jaguar Land Rover is currently testing the technology at their new software engineering base in Shannon, Ireland, where several vehicles, including the Jaguar F-PACE and Range Rover Velar, are being equipped with “smart wallet” features.
Shortly after the announcement, price of MIOTA spiked as the news continue to spread across the cryptosphere.
While this is a win for crypto mainstream adoption, not all are equally excited about it. Some remain doubtful of IOTA's technology as well as the motivation for Jaguar/Land Rover drivers to be willing to share data for trivial rewards.