Toyota is trying to create a digital currency to help this corporation solve problems of payment, gifts, incentives, shares ...
This coin will save them a lot of management money to focus on developing their new product. I appreciate the adoption of Blockchain in their system.
Since Toyota's digital currency has intrinsic value, it will not affect the crypto market.
Topic: Toyota IT Division to Launch Own Digital Currency - page 3. (Read 412 times)
After Paypal announced in joining cryptocurrency, Toyota a giant company and one of the largest automobile manufacturers in the world based in Toyota City, Aichi Japan released their official statement last October 26, 2020, that they will be launching its own digital currency. https://crypto.co/news/toyota-it-division-to-launch-own-digital-currency/
What are your thoughts on this huge move from the giant companies? And what will be next?
I just get the feeling we are on the right path of adoption and soon all big brands will be investing in crypto and also their own branded coins, this simply means that crypto market will be in trillions in few years. What are your thoughts on this huge move from the giant companies? And what will be next?
I am sure that more and more big players will get into crypto. It's just a matter of time. The beginning is already given.
Recently there was also a message from JPM
https://www.cnbc.com/2020/10/27/jpmorgan-creates-new-unit-for-blockchain-projects-as-it-says-the-technology-is-close-to-making-money. html
Recently there was also a message from JPM
https://www.cnbc.com/2020/10/27/jpmorgan-creates-new-unit-for-blockchain-projects-as-it-says-the-technology-is-close-to-making-money. html
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Quoted this from your link
the token that will be issued by toyota will act as a gift for its own employees and in this case, I think that coin can be exchanged with the goods like a voucher or something else. I think it will act as a reward for the performance of its employees. That means this chain will be a private blockchain but it's also being used to create a to be connected with the partners too.
Quote
The project will involve 2,500 employees of Toyota Systems. This is to develop a platform for digital currency payments for the benefits of its employees. Participating employees can trade the digital currency for benefits points or gifts listed in a catalog. But it cannot be exchanged with Japanese Yen.
the token that will be issued by toyota will act as a gift for its own employees and in this case, I think that coin can be exchanged with the goods like a voucher or something else. I think it will act as a reward for the performance of its employees. That means this chain will be a private blockchain but it's also being used to create a to be connected with the partners too.
Toyota is a big company and now this company follow the movements from paypal,
seems a bright future really clear in crypto world now, i believe more demands will coming in the near tima
seems a bright future really clear in crypto world now, i believe more demands will coming in the near tima
Just to be clear, this is Toyota's own digital currency, meaning it's going to for their used only and not for everyone, or to make it more clearer, for Toyota City, Aichi Japan. So there will be no effect on crypto market. But it's good to hear that big companies are moving to blockchain technology and that is the positive impact of it. And I think this is just a pilot test and could be deploy to Toyota worldwide so the only one that will get the full benefit is the company itself.
After Paypal announced in joining cryptocurrency, Toyota a giant company and one of the largest automobile manufacturers in the world based in Toyota City, Aichi Japan released their official statement last October 26, 2020, that they will be launching its own digital currency. https://crypto.co/news/toyota-it-division-to-launch-own-digital-currency/
What are your thoughts on this huge move from the giant companies? And what will be next?
What are your thoughts on this huge move from the giant companies? And what will be next?
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