IOTA (MIOTA) is an IoT (Internet of Things) oriented blockchain project. IOTA (MIOTA) has introduced a new technology into the crypto space and it is also set to revolutionize other industries in the world. IOTA (MIOTA) is currently exploring its opportunities in the automobile industry.
The Internet of Things is one of the most advanced technologies the world has seen. It is increasingly becoming popular and it one area IOTA (MIOTA) wants to dominate. IOTA (MIOTA) has found it’s way into the automobile industry with its partnership with Volkswagen. It has also secured partnerships with Bosch and Fujitsu.
IOTA (MIOTA) uses Tangle rather than blockchain, and this makes it much faster than most blockchain-based projects. The underlying technology of IOTA (MIOTA) is outstanding and that’s why it’s increasingly attracting global attention.
The Support of the EU for New Technologies Can Enhance the Future Growth of IOTA (MIOTA)
The EU recently showed its support for new technologies. This can be seen on the European Union parliament’s recent resolution on Distributed Ledger Technologies. Distributed Ledger Technologies have the potential to transform the world and it also has a lot of use cases. Some of those use cases were detailed in the recent resolution of the parliament.
The digital currency space has been lacking credible support over the past year. Digital currencies need support from both regulatory bodies and individuals to survive. So far, they have been getting more of the latter.
However, the support shown by the European Union parliament for digital currencies will be a game-changer in the industry. It will play a major role in the future growth of digital currencies.
European Union supports IOTA
The European Union has created a positive environment for the development and growth of digital currencies. IOTA (MIOTA) is one of the digital currencies that will benefit more from this environment. It stands out from the rest of the digital currencies in the market, and its future growth is likely guaranteed from this environment created by the EU.
IOTA (MIOTA) has established a lot of relationships and partnerships with top firms in the EU. With the enabling environment created by the EU, firms in the EU will be able to work with IOTA (MIOTA) seamlessly. Now that the EU has shown its support for DLTs, the relationships and partnerships established by IOTA in the EU will get even stronger.
This will also pave the way for more partnerships, as more firms in the EU would love to work with IOTA (MIOTA). This will significantly increase the adoption and awareness of the digital currency. The digital currency will be able to extend its reach and expand its market.
This will have an enormous impact on the value of the digital currency in the near future. IOTA (MIOTA) is aimed at transforming the transportation sector, manufacturing sector, and the car insurance sector. This environment created by the EU will help the project to achieve its goal seamlessly and quicker.
IOTA (MIOTA) Price Today – MIOTA / USD
IOTA (MIOTA) is currently worth $0.4973 after an increase of about one percent over the past twenty-four hours. The current market cap of the digital currency is $1.38 billion and its trading volume over the past twenty-four hours is $16.14 million.