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The smart way to stay ahead in the automotive world

Jaguar could pay you every time you drive your car

29 April 2019, 2:39 pm

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Jaguar could pay you every time you drive your car
Image: NewsMotoring
Jaguar could pay you every time you drive your car
Image: NewsMotoring

AutoExec Summary
Jaguar Land Rover is offering to pay drivers in cryptocurrency for providing road data such as traffic conditions and pothole locations, which will be used to improve traffic flow and expedite road repairs. The company is developing a “Smart Wallet” to hold the cryptocurrency, allowing users to pay for tolls, parking fees, and electric vehicle charging. JLR has enlisted financial tech company Iota to develop a “distributed ledger” for micro transactions between connected devices, with the goal of creating a safer, cleaner, and smarter automotive future. This move is part of JLR’s aim to have zero emissions, zero accidents, and zero congestion, and will benefit drivers by increasing the convenience of everyday activities.

Brands mentioned: Tesla, Mercedes, Jaguar, Land Rover

 

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