Bank Innovation: Digital Currency Gets in the Driver's Seat

by Diana Asatryan for Bank InnovationWe’ve already seen several major carmakers jump into the IoT, showcasing in-vehicle payments tech. Most recently, Jaguar and Shell showcased fuel payments tech in the U.K.; Honda and Visa had their take on in-car payments at CES 2017, while GM teamed up with MasterCard and IBM last year to enable Masterpass digital wallet on its OnStarGo app.So far, most of those collaborations have been centered around good old mobile wallets and bank accounts; or, in other words, traditional currencies. But this may change soon.The telecom conglomerate AT&T filed a new patent application with the U.S. Patent and Trademark Office, exploring the potential use of digital currencies—such as BlackCoin, Dash, Dogecoin, DigitalNote, Ether, and Ripple XRP, among others—for in-car purchases. Read More →