Venture fund Robert Bosch Venture Capital (RBVC) reports that it recently invested in IOTA tokens, issued by a start-up, creating a distributed payment system for the Internet of things. The exact amount of the deal was not disclosed, but representatives of the German manufacturer say that they are making a serious bet on the Internet of things, therefore they consider contributions to cottage enterprises to be fully justified and far-sighted.
The technology developed by IOTA went further than the blockade. Over time, it will allow you to autonomously and safely transfer micropayments between different devices. Now with the help of IOTA technology payments are already being made - it is actively used to pay for parking or charging electric cars. Cooperation with Bosch will allow the startup to reach a new level, so the investment in IOTA, which was held in November ICO, has become a profitable investment - the tokens have already risen in price by 400 percent.
Now the technology developers are busy solving the problems related to the security of payments. According to them, they just rely on the blockade. In addition to addressing security issues, the IOTA is concerned with the automation of devices, thinking about how to teach them how to interact independently with one another in their own "economic environment." Having realized the tasks set for themselves, the developers are going to reveal the potential of the Internet of things, making it more accessible and popular - in this team RBVC is also going to help, hiring new specialists and industrial experts to work for the company.
The article is based on materials .
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