Toyota IT Division to Launch Own Digital Currency

[TastyChillySauce00]

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?

IMHO it's HYPE and FOMO.
If you don't have your own blockchain, you're being laughed at in your 1% country club.
Gotta realize most of these will be a trial and error cases, meaning they'll make it, see there's no use of it, and then dump the project

It could be still a trial stage consider that's the first time for the IT team of toyota to build its private blockchain to be used on its company's ecosystem. it will be also an experimental that will need a lot of time to make sure the blockchain will be working accordingly.

I doubt if that's hype because some countries have even used blockchain for the verification-health system.

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[NewRanger]

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?

more giant company joining cryptocurrency and developt blockchain technology its good for cryptocurrency price itself. its proved that this market was not fake and really have technology and potency . few years ago many CEO from huge finance institution said it was fake and now with the paypal and toyota joining in crypto market tell them that this market need for all companny. i am sure in near future more company will set their own cryptocurrency division.

[Gozie51]

What are your thoughts on this huge move from the giant companies? And what will be next?

If this is going to be teal then it is a nice news. Toyota is already a trusted name and big brand. I expect that there token won't be fake or plagiarized white paper, there project should be in list of top projects.

[24Kt]

What are your thoughts on this huge move from the giant companies? And what will be next?

If this is going to be teal then it is a nice news. Toyota is already a trusted name and big brand. I expect that there token won't be fake or plagiarized white paper, there project should be in list of

It will be a comprehensive whitepaper if they will release one. Not just a substandard, copy-cat whitepaper. But this news is really very welcome in the crypto community. The move of PayPal will really give confidence to other big companies to follow thru. We will expect more popular companies to integrate blockchain technology or create their own cryptocurrency in the next coming years. They are now realizing that digital currency has benefits on their operations.

[lienfaye]

What are your thoughts on this huge move from the giant companies? And what will be next?

Toyota first explore and engage themselves in blockchain, and now will launch their own digital currency. Its a good move considering they are a big company, however this plan is exclusive and will only be beneficial to their employees.

Nevertheless the fact that Toyota is now adopting blockchain and making their own digital currency it can be a start for other companies to do the same. If this happens bitcoin and alts will gain popularity because it has somehow an impact for crypto to be known.

[H1N1]

It is good to see a well known company start to using digital currency especially cryptocurrency for their own products.
Now we should know about the purpose of the digital currency, whether it is going to be used for buying, or repairing the products or something else. There might be many people buy their own digital currency if the information given is complete.

[darkphoenix2610]

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.

Cryptocurrency adoption is becoming a trend nowadays, from the giant private companies now Banks are adopting cryptocurrency also. Just recently I have read that 100 banks from Italy move to Blockchain and just recently Iran amended their law to adopt Bitcoin as payment for imports https://crypto.co/news/iran-amended-law-to-adopt-bitcoin-as-payment-for-imports/. This must be exciting.