Bosch Invests “Significant Sum” in IOTA

Robert Bosch Venture Capital (RBVC) which is also known as Bosch, made a huge announcement the other day when it said that it invested a “significant number” of cash in MIOTA tokens.

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MIOTA is a cryptocurrency just like Bitcoin, but the difference is that MIOTA uses the IOTA distributed ledge platform which is controlled by the German IOTA Foundation. 

Many experts believe that IOTA and other distributed ledger solutions are going to help huge IoT corporations because they excel at automating back-end functions.

Hongquan Jiang, the RBVC partner said that even though IOTA is still in its early stages, Bosch will help it grow bigger and reduce transaction costs at the same time.

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