The automaker Mercedes has launched their own cryptocurrency called Mobicoin.
The coin will be distributed to drivers based on their safe driving. Smooth driving and safe speeds will reward you with Mobicoins. The amounts haven't been released yet, at least that I am aware of.
It is also said to be unknown whether or not you will be able to sell Mobicoins for fiat currency or other cryptos or if there will be another type of redemption process for the coins for prizes/gift cards/etc.
I am interested to see more details unfold with this, and whether or not it will only be for Mercedes drivers. I am also interested to know how they will track this type of driving activity. If there is a specific machine installed to track you, it would seem like that would be very costly.
This is the 2nd major car company jumping into Blockchain as of late. BMW just partnered up with VeChain. I think it is great to see major companies getting into Blockchain technology, and it should definitely help with mainstream adoption.
What do you think about this news? Tell me in the comments.
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Interesting. I see Uber adopting a concept like this to reward good drivers. I know they are developing tracking to see how abruptly drivings stop/start their cars at lights.... so this might be a good lever to add to such a tracking system.
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wow the future is interesting of crypto
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If the Mobicoin is released, unless it is non transferable and only the person who they are issued to can use or spend. You will be able to trade them, the platform you trade them on might take a while longer. Before that exchange is set up, people will buy or sell them between each other depending on what they can be used for. Initially I think they would be used for upgrade to your vehicle or reduction in cost when trading for a new car. I could see them working in a similar manner to sky miles.
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Hey @ bwells, great post mobicoin ! I enjoyed your content. Keep up the good work!
It's always nice to see good content here on Steemit! Cheers :)
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Wow if this turn out to be happening then it could be wonderful for cryptocurrencies
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i think soon the whole future transactions will be done by cryptocurrency .. good post
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Thanks for the sharing
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Welcome Mercedes to the crypto world.hope you will create wonders as usual.
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Sneaky Ninja Attack! You have been defended with a 20.24% vote... I was summoned by @bwells! I have done their bidding and now I will vanish...Whoosh
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This post has received a 36.82 % upvote from @boomerang.
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Wow ! Great news !! Yeah, To the moon ! Cheers !!
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