Germany's largest car manufacturer Daimler AG, known for its brands Mercedes-Benz and Smart, presented its own digital currency based on Blockchain – MobiCoin - at its Mobile World Congress in 2018 in Barcelona.
The project, which began in February 2018, was created to reward drivers for environmentally-friendly driving habits, that is, smooth and safe driving at low speeds. The project will be in the testing phase for the next three months, during which 500 drivers who follow environmentally friendly driving rules will be rewarded with MobiCoins.
Data from vehicles will be transferred to Daimler and converted to MobiCoins, which will be stored in the mobile application. It is reported that participants with the most MobiCoins will receive VIP tickets for events such as DTM Races, the MercedesCup Final or the Berlin Fashion Week. However, it is not known whether the drivers can convert MobiCoins to fiat currency or other cryptocurrencies.
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