IOTA revolutionizes transport in Germany: Trive.Park app integrates Tangle

  • Trive.Park allows motorists to book for parking spaces in advance.
  • The efficiency of IOTA to process micro-transactions at minimal fee is revolutionary for the motor industry.

Trive.Me the company that created Trive.Park a parking manage management has integrated IOTA’s Tangle technology to automate booking and payment for parking spaces in Germany. The demand for parking continues to grow in the country and therefore new systems are sort after by motorists. The app allows motorists to reserve parking in advance.

Moreover, the app gives parking garage owners an opportunity to digitize assets and monetize them using the online reservation system. According to the Head of Product at Trive Alexander Süssemilch, IOTA is the best choice for this endeavor due its ability to process micro-transactions at minimal fee. Trive.Me believes that IOTA holds the key of unlocking efficiency and improving customer experience.

IOTA like many other cryptocurrencies is pressed down by increasing selling pressure. After opening the session on Monday at $0.2449, IOTA managed to hit an intraday high of $0.24528. At present, IOTA is flirting with $0.2391 after a 2.25% loss on the day.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin price prediction: November fails to impress, what about an action-filled December 2019?

Bitcoin is staring into a bottomless pit mid though the month of November. The past two years have seen Bitcoin start to stir movement upwards in November.

More Bitcoin News

The cryptocurrency market update: Bitcoin and major altcoins recover from early losses

The cryptocurrency market is navigating a sea of red on Friday. Bitcoin and all major altcoins are nursing losses both on a day-to-day basis and since the beginning of the day.

More Cryptocurrencies News

XRP/USD on the verge of a falling wedge pattern breakout

Ripple is trading below a key support week-long support at $0.27. The selling pressure on Thursday forced the price lower refreshing the levels towards $0.26. XRP commenced the trading on Friday at $0.2679 and touched a high of $0.2690.

More Ripple News

Litecoin price update: LTC/USD takes back $60 support, is $65 hurdle breakable?

Litecoin is in the middle of a recovery move following the recent slide below $60. The accrued gains chopping exercise that has been going on since the week started after another failed attempt to correct towards $65.

More Litecoin News


Bitcoin Weekly Forecast: In the middle of nowhere

Bitcoin has been drifting down since the beginning of the week, as the bulls have no luck with the recovery campaign launched during the previous weekend.

Read the weekly forecast