Mercedes Launching Cryptocurrency for Safe Driving
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.
To the moon,
You have received a @GrumpyCat flag because you or someone else sent money to buy votes from an irresponsible non-GrumpyCompliant service.
@sneaky-ninja and @aksdwi are acting irresponsibly by selling votes to people on their post very close to final payout. (~99% abuse rate)
Sending money to these bots is also financially supporting for-profit spammers.
To know what voting bot to use, refer to https://steembottracker.com/ and use those that have 3.5 day or less in the "Max Age" column.
Important, The above bots have made no effort to comply for months so the votes they sell might still be targeted even if they change their Max Age to 3.5 day.
Learn more ...
WE ARE THE RESISTANCE!
@GrumpyCat
Your self upvote is flagged by The-Resistance team using the WE-RESIST bot.
We will be resisting with a team, stronger each day, unless you stop downvoting innocent people.
To your tyranny WE-RESIST
The Resistance
Discord: https://discord.gg/qMWCbWR
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.
wow the future is interesting of crypto
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.
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 :)
Wow if this turn out to be happening then it could be wonderful for cryptocurrencies
i think soon the whole future transactions will be done by cryptocurrency .. good post
Thanks for the sharing
Welcome Mercedes to the crypto world.hope you will create wonders as usual.