Turkey’s domestic automobile company Togg, in its statement today Avalanche (AVAX) altcoin announced that it will offer a digital wallet solution on its network.
Togg Cars Will Have Integrated Avalanche (AVAX) Altcoin Digital Wallets
Togg announced the development on his official profile as follows:
“A world first: Smart device integrated digital asset wallet.
With the innovative solution we built on #Avalanche, we will provide our users with bank-level security. With this wallet, we will offer unlimited use, including access, storage and transfer of digital assets on the go.”
We’re proud to announce a breakthrough for smart mobility at #CES2023. @avalancheavax https://t.co/xvkW3XJEvh
— Togg (@Togg2022) January 10, 2023
After the announcement, Emin Gün Sirer, the Turkish CEO of Avalanche, also shared a post on the subject on Twitter and said:
“Real world applications are about using blockchain technology to solve everyday challenges.
Togg creates a whole new use case for cryptocurrencies with its mobility platform built on Avalanche.
The integrated smart device equips cars with a secure digital wallet that seamlessly connects to Avalanche. This is the first of its kind in the world.
This platform will enable users to easily rent a variety of transportation such as cars, scooters and parking spaces through a single platform with securely automated payments via smart contracts for every step of their journey.”
According to Avalanche CEO’s statement, important data such as service history and parts tracking of vehicles in Togg cars will be stored on the AVAX altcoin network and will be available at all times:
“It will also provide quick access to the vehicle’s service history, parts tracking, carbon footprint and insurance claims. No more guessing the reality of a car’s past because it will all be broadcast on the chain in the form of an NFT.
In addition, Togg is opening an NFT marketplace where users can buy, sell or trade NFTs, collectibles and more.
Turn on “art mode” and your car can turn into a digital art gallery!
The future of smart transportation is being redefined by Togg.”
Real world utility comes from using blockchain technology to solve everyday challenges. @Togg2022 is creating a brand new use case for crypto with their mobility platform built on Avalanche. 🧵⬇️ https://t.co/WrYRDTp1Co
— Emin Gün Sirer🔺 (@el33th4xor) January 10, 2023
*Not investment advice.
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