{"id":1702,"date":"2017-11-30T11:51:10","date_gmt":"2017-11-30T11:51:10","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=1702"},"modified":"2017-12-14T18:14:34","modified_gmt":"2017-12-14T18:14:34","slug":"altcoin-iota-30-microsoft-launches-market-iot","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/altcoin-iota-30-microsoft-launches-market-iot\/","title":{"rendered":"Altcoin IOTA up 30% as Microsoft launches market for IoT"},"content":{"rendered":"

\"\"A surge in the use of internet-enabled products has resulted in a rapid growth of B2B (business-to-business) IoT (Internet-of-things) market. The internet enabled products generate a continuous stream of data, which are in demand as it provides accurate insights into the behavior of a potential customer. <\/p>\n

In this regard, the Berlin-based IOTA Foundaton, which built a block chain specifically to provide solutions to the IoT sector<\/a>, has entered into a partnership with over 20 large organizations across the world, including Bosch, Fujitsu, Samsung, and Microsoft<\/strong>. <\/p>\n

The crypto token of IOTA is known as MIOTA and has a market capitalization of $3 billion.<\/p>\n

The crypto currency MIOTA<\/strong> is listed in Bitfinex<\/a>, a popular Taiwanese exchange. The currency surged by about 30% yesterday to trade at $1.48 levels<\/strong>, as the news of a partnership broke out. IOTA\u2019s block chain network, which functions as a micro payment-based data market place, is aiming to capture a huge share of the IoT technologies and solutions market which is expected to rise to $267 billion by 2020.<\/p>\n

YLGV<\/strong><\/p>\n

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