IOTA(MIOTA): All eyes focused on top country – Germany
Out of all the IoT countries in the world, IOTA(MIOTA) is focused upon one of the most strategic countries of the world – Germany.
Since IOTA(MIOTA) gives importance to industries, we can soon see a larger adoption of cryptocurrencies by these industries. Such industries have the ability and the resources for a worldwide adoption of Distributed Ledger Technology(DLT) to take place.
While China has a huge income from manufacturing, Germany has the capacity to produce industry material, from automobiles to robotics. IOTA has an influence over these companies. They are now partners with big companies like Volkswagen, which is a major development towards the growth of IOTA. If IOTA takes over all the German industries, then they will become the standard of IoT.
But what’s more interesting is that IOTA (MIOTA) is gaining acceptance by the German government. Regulations are a critical aspect to the growth of crypto space. This can be seen in the recent decision by Goldman Sachs to shelf its plans for the creation of a bitcoin trading desk, due to lack of regulatory clarity.
In the panel session to be held from November 12-14, 2018, Dominik Schiener, Co Founder, IOTA, will be presenting on the different opportunities that will knock doors on German companies. This will take place at Süddeutsche Zeitung’s annual economic summit.
DLT gaining greater acceptance
Companies like Deutsche Telekom, Europe’s largest telecommunications provider and Deutsche Bahn, the second largest transport company in the world also been working with the DLT.
This DLT is also gaining acceptance and this can be seen when one of the country’s largest company Goldman Sachs shifted eyes from Bitcoins to IoT due to lack of regulatory clarity.
IOTA, undoubtedly is one of the most undervalued cryptos at current prices. It has real chances of taking over an industry, which could be worth $5 trillion in the 2020s. If it shakes hands with the German industry, it could take over 50% of the world’s IoT market.
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