- Zeux will be launched at many shops, ranging from coffee shops to grocery stores.
- The company has also introduced its own ZeuxCoin Token (ZUC).
Zeux, a payments and banking services app, has announced a collaboration with the IOTA Foundation. The collaboration will allow users to use the IOTA tokens as payment with merchants that accept Apple Pay and Samsung Pay. Zeux will be launched at hundreds of shops, ranging from coffee shops to grocery stores.
Zeux facilitates a simpler way to pay, bank and invest by integrating all these services into one place. The company does not charge any fee for opening an account, money transfers, top-up or crypto payment commissions. For fiat and cryptocurrencies, Zeux is a digital solution providing customers with integrated investment products. David Sønstebø, founder and co-chairman of the IOTA Foundation, said:
“This partnership with Zeux will provide a significant convenience benefit for the IOTA ecosystem. We are very excited for this. Now IOTA digital currency can be used as payment with merchants that accept Apple Pay and Samsung Pay. By combining existing technology with another form of currency, this is a big step forward towards the adoption of crypto for the masses.’’
Founder and CEO of Zeux Frank Zhou believe that the collaboration will bring widespread adoption of cryptocurrency. He said:
“Zeux is very excited about partnering with the IOTA. As a distributed ledger with zero transaction fees, The Tangle is a very promising chain for us to build our customer data, Dapp. This marks another step forward in our journey. We look forward to working with IOTA and giving their customer base even more financial freedom.”
Zeux has also introduced its own ZeuxCoin Token (ZUC). The token can be used for cashback on all crypto purchases and a payment fee token for all the commissions paid by financial product providers.
IOTA Embarks Slight Improvement Over the Last 24 Hours
IOTA price movement has a history of astounding traders. The currency is popular for its hasty speed. The traders who have invested in the coin must be aware of the result-yielding proportion. The coin is anticipated to give good results to the traders.
The currency started dealing with the bear since the opening hours. However, recently, IOTA is seen marking improvement. The same has spiked hope among the intraday traders that the coin might fight the market pressure and close the day with a profitable digit.
IOTA Price Prediction
Yesterday, IOTA started dealing at $0.25818. The price slipped to $0.25410 within the next few hours. Later, the price escalated to $0.26848 by 5.6%, marking it as the highest point of the day. The price slipped to $0.2584 by 3.73%. Later, the IOTA price again picked up and touched $0.2662 by 3.05%. The currency dropped to $0.2634 by 1.10% in the later hours. The intraday movement of the coin reflected an overall improvement of 2%. Today, the coin started dealing at $0.2634. The price slipped to $0.2578 by 2.11%. Recently, IOTA has embarked uptrend once again. The price is currently dealing at $0.26223.
Unlike many other coins in the market, IOTA is currently indicating improvement. There are many coins in the market that are dealing at or below the major support level. Here, IOTA hasn’t breached the immediate support level. IOTA is recommended for long-term investors as it would bring the traders their desired return.
IOTA price analysis: IOT/USD catapults above $0.2660
- IOTA broke free from the recent tight range.
- IOT/USD may continue growing towards $0.2700.
IOTA, the 18th largest digital asset with the current market value of $748 million, has been growing strongly been growing on Thursday albeit the sell-off on a broader market. The coin has gained over 3% on a day-to-day basis. The coin hit $0.2679 high during early Asian hours and retreated to $0.2662 by the time of writing.
IOTA’s technical picture
IOTA is one of the best-performing coins on Thursday. The coin has been range-bound for several days after hitting the low at $0.2569 on November 11. However, a strong move above SMA50 (Simple Moving Average) 1-hour located on a psychological $0.2600, inspired a sharp growth towards the next barrier at $0.2663 (SMA200 1-hour). The price attempted a move above this hurdle but retreated back so far. Once it is out of the way, the upside is likely to gain traction with the next focus on $0.2700.
On the downside, the first line of support is identified at $0.2600-$0.2580. It coincides with the lower boundary fo the recent consolidation range. If it is broken, the sell-off is likely to gain traction with the next focus on $0.2569 (November 11 low) and $0.2438 (October 23 low).
IOT/USD, 1-hour chart
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IOTA’s Co-Founder Sells His MIOTA Coins, Community Led to Believe IOTA Goes Beyond Crypto
IOTA’a co-founder Sergey Ivancheglo says he quits working in crypto and has sold all of his crypto holdings, some now believe that IOTA’s overgrown being a mere coin
A short while ago, one of the IOTA founders, Sergey Ivancheglo stated that he leaves the cryptocurrency sphere and sells all of his MIOTA coins. That was announced during a Discord AMA session, reports Micky.
Leaving IOTA for good
Ivancheglo said that he leaves the IOTA Foundation so as to avoid the conflict of interests since he also works for other blockchain projects. He confirmed that his work on Qubic and Aigarth (both are IOTA-based projects) will continue. However, he does not want to deal with crypto any longer.
Ivancheglo did not name any other particular projects he is engaged with.
Earlier this year, in summer, he quit the IOTA’s board of directors and since then worked as an independent IOTA developer.
The community believes IOTA is much more than crypto now
In the comment thread, some of the IOTA community members assumed that Ivancheglo is quitting and selling all of his MIOTA stack due to one big reason – IOTA has evolved into a real protocol instead of being a mere cryptocurrency.
However, opinions split here.