March 28, 2024

Auto corporation Toyota is developing its own cryptocurrency

Auto corporation Toyota is developing its own cryptocurrency

The Japanese company Toyota plans to release its own digital currency. The token will be developedspecialists 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 technologies over the past few years. In March 2020, Toyota announced the creation of its own laboratory specializing in launching 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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