Iota (MIOTA) is taking over the mobility industry, one player at a time. Recently, they have signed partnerships with a host of automobile companies including Volkswagen and Audi. Now it seems like Tesla could be next. Yesterday, Biotasphere tweeted that they would be livestreaming the new IOTA proof of concept from a Tesla vehicle. This is interesting and could mean that Tesla is warming up to using the IOTA tangle.
IOTA (MIOTA) investors have been waiting for such a partnership for some time now, since Tesla is the perfect use case for IOTA. That’s because Tesla is in itself an industry disruptor, one that is transforming mobility with smart and eco-friendly vehicles. Since IOTA (MIOTA) is all about smart machines, it fits well with the objectives of Tesla. It can open Tesla electric vehicles to smart charging, among other smart features that could drive up demand.
Other than Tesla, Biotasphere has also recently hinted that they will be showcasing their innovations together with Uber and a host of other companies. They seem to have been working hard to bring out the full potential of IOTA (MIOTA) for the world to see.
Going by Biotapshere’s moves, it is clear that the NewsCo event in Toronto next month should be on the watch-list of every crypto investor. Lots of IOTA (MIOTA) use cases will be showcased and could create FOMO around this crypto driving up its value. All it will take is the presentation of a strong use case of IOTA for companies like Tesla and Uber, and FOMO will kick in.
The implications of an IOTA (MIOTA) use case for these two companies goes beyond the tech. It offers an avenue for Americans to take a bigger interest in IOTA (MIOTA). Recent research shows that Americans, both corporates and the citizenry, are lagging behind in the adoption of DLTs. However, if they were to see the power of this new technology in practice, then interest would without a doubt grow. America is an important market in the global economy, and mass acceptance of a crypto like IOTA (MIOTA) would be a huge boost to its value going forward.
Interestingly, the Toronto event is happening close to the SEC decision on the CBOE bitcoin ETF. If positive sentiment of it getting accepted prevails, it will lead to a bitcoin rally, which will further add to the momentum that is now building around IOTA (MIOTA).