IOTA Creates Payment System Compatible With Any App or Game

By Brian Njuguna   Nov 28, 2019 1 Min Read


A developer has
revealed that IOTA, a distributed ledger protocol created by the IOTA Foundation, has been integrated into a payment system, which can be utilized in any app or game. 

Expressly, it functions seamlessly on all platforms, cush as Xbox one, WebAbb, Windows, Android, Playstation 4, Linux, and iOS, among others. 

IOTA’s Progress

IOTA was developed as a protocol to propel the innovative machine-to-machine economy that involves the internet of things (IoT). It was to offer a highly scalable and royalty-free asset transfer network. 

For instance, at the beginning of 2019, it took part in one of the most notable smart city projects in Texas, United States, whereby it was to offer interoperability solutions in the transportation sector. 

The payment system presented by IOTA comes at a time when the gaming industry has reached unprecedented heights as it seeks to be a force to reckon with. 

It has been stipulated that this initiative can be theoretically utilized as a payment system on fifteen distinctive platforms. Additionally, it does not have any complex functions as it permits users to send and receive IOTA, as well as survey their wallets. 

IOTA’s co-founder, Dominik Schiener, praised IOTA developers called Marlon Morales. He acknowledged that the payment system was a reflection of commendable work. 

 

Image via Shutterstock

About the author

Brian Njuguna
He is an accomplished corporate writer and entrepreneur based in Nairobi, Kenya. He holds a Bachelors of Economics & Statistics, Second Class Upper Division, from Kenyatta University. Brian has a penchant for Blockchain and Cryptocurrency because he believes the present systems will be altered by these innovations as they reign supreme as we gear towards the fourth industrial revolution or 4IR.




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