IOTA, the Internet of things (IoT) distributed ledger project, has announced that it is planning to expand its territory to North America. Foundation’s Head of Business development, Wilfried Pimenta has announced that the foundation is looking for a new business development manager in North America.

Wilfried Pimenta tweeted on his official Twitter handle,  “#IOTA is looking for a new Biz Dev manager for North America’s based on the West Coast USA.”Join our growing global and cross-industry team to shape radically new IoT-enabled markets and business models#smartcity #IoT #dlt https://lnkd.in/dRXUmgP” The Berlin-based IOTA Foundation has agreements with major companies like Bosch and Volkswagen whose main branch is in Western Europe. The foundation is now looking to “build up IOTA’s coverage of the North American market” also backing “global stakeholders and partners based in the region.” Its business development department is assigned with “catalysing awareness in key geographies and industries” and “developing co-creation ecosystems to host future IOTA based innovation.” The foundation is the first open-source distributed ledger purpose-built to “power the future of the Internet of Things” with unique features such as “feeless microtransactions and data integrity for machines.” according to the foundation.

The majority of users are from Europe. But North American technoholics and cryptocurrency enthusiasts are developing interests towards IOTA in the recent days.

“Business and public sector stakeholders in IoT, mobility, energy, smart cities.” are paying more attention to foundation’s developments. MIOTA slumps to a new low in nine months.

The coin was trading around $1 for the past few months reached $0.89. MIOTA is showing signs of dipping further below $0.89. Read more from bcfocus.com…

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