November 30, 2020

Auto corporation Toyota is developing its own cryptocurrency

Auto corporation Toyota is developing its own cryptocurrency

Japanese company Toyota plans to release its own digital currency. The token will be developed by specialists from the IT department of the giant Toyota Systems.

As the RBC agency clarifies, the cryptocurrency will be created in partnership with the DeCurrent team. Toyota employees will take part in testing the coin.

Note that the Japanese giant is interested inblockchain technology over the past few years. In March 2020, Toyota announced the creation of its own laboratory specializing in the launch of services on the blockchain.

Toyota Systems management expectsuse digital currency in internal transactions. 2500 employees of the company participating in the testing will receive tokens in their wallets and will be able to exchange them for various prizes.

If the tests of the innovative instrument are successful, then the Japanese giant may allow it to be used for payment and settlements.

Auto corporation Toyota is developing its own cryptocurrency

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