Best Crypto-IoT Collaboration
This was reported yesterday from the Nano center. The launch of the Nano IoT charger has been confirmed by the company and acts as the most promising entry into the IoT industry. The IoT charger and associated hardware are said to be powered by the native Nano coin.
The currently released charger is still a prototype and the features that owners of the charger have revealed so far are:
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It only requires the user to scan the QR code for transactions
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A QR code initiates a micro-level controlled transaction process; so you don’t have to worry about the change
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So far only compatible with NANO wallets
This announcement from the Nano Center is a big milestone for both the company and the community, as there are many real-world use cases when the charger is successfully tested and brought to market. Of course, there are many potential uses and multiple iterations that need to be implemented in advance to do this for real-world use cases.
Nano branches
Nano is not the first cryptocurrency coin and company to enter the IoT space, but actually the third or fourth. Behind IOTA and a number of other coins currently in the space. However, the excitement and anticipation surrounding this coin is that the company has conducted market research in a very interesting manner before embarking on this journey.
Nano used its YouTube channel to connect with its community, and the feedback it received was invaluable to the company. The community’s reaction to the YouTube channel and its content made it very clear to the company what was expected of them and what they had to do.
Taking this step towards diversifying its business, the company has the potential to become a global brand in the IoT industry with this product. The company’s coin, NANO, is also starting to be listed on many exchanges. This is the reason for the coin’s wide acceptance in the market and the very high price increase.
Price increase, more expected
The price of Nano has increased by more than 90% in the last one week. And a 250% increase in the last two weeks. Two weeks ago, the price was $1.52. Price/value increase is attributed to many reasons. Among them is the fact that the company’s coin, NANO, is listed and accepted as a tradable cryptocurrency by many exchanges and platforms.
The other two reasons are pretty intuitive from this article, which is that the company branched out into the IoT jungle with a charging product, and that their initial network stress test came up with flying colors. It is very important for every cryptocurrency company to have the support of the community and it is safe to say that NANO does that. The current price of the coin, at the time of writing, is $3.12.