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Mercedes Parent Firm is Building a Crypto Hardware Wallet for Cars

Published 07/22/2019, 07:48 AM
Updated 07/22/2019, 08:01 AM
Mercedes Parent Firm is Building a Crypto Hardware Wallet for Cars

Daimler, the German multinational corporation behind the Mercedes-Benz brand, partnered with European blockchain interface solutions startup Riddle & Code to provide an open car hardware wallet solution, the startup announced in a press release published on July 22.

Per the release, car wallets have a wide variety of use cases, such as car-sharing, autonomous vehicles, real-time exchange of secure traffic data and with smart city environments to reduce congestion and lower insurance premiums. The startup’s CEO Tom Fürstner declared:

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