IOTA Announces Major Partnerships

IOTA, the virtual currency meant to handle micro-payments for the rapidly expanding Internet of Things (IoT), is launching a micropayment marketplace. Deutsche Telekom, Bosch, Microsoft, PricewaterhouseCoopers, Accenture and Fujitsu, and numerous universities have been announced as partners.

In the 24 hours after the announcement, the value of the coin exploded from $0.80 to $1.40 USD.

A demo of the platform is expected to operate through January.

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