By CCN: Jaguar Land Rover has caught crypto fever. The UK-based company is teaming up with the IOTA Foundation for an initiative that will catapult cryptocurrencies into the limelight.
Jaguar Land Rover is testing smart wallet technology that will incentive drivers to earn crypto while driving. It sounds like a commuter’s dream come true. Drivers earn crypto rewards in exchange for sharing data surrounding “useful road [conditions]…such as traffic congestion or potholes.” That is if you don’t mind sharing information in real-time while you’re on the road. The information is sent to “navigation providers or local authorities.” That is the price you pay for helping to slash the carbon footprint left by otherwise idling vehicles that will take a different route thanks to your heads up.
Those credits can then be directed toward costs ranging from purchasing a cup of coffee on the road to paying tolls, parking meters, and even plugging in at the nearest electrical charging station. The automaker is currently testing the software in Shannon, Ireland. No doubt Elon Musk is paying attention, especially considering that Jaguar Land Rover is making an electric vehicle push.
| Source: Jaguar Land Rover
Cheers and Jeers
The crypto community has begun responding to the development.
Others were more cautious, including Elizabeth Stark of the Lightning Network.