Express

Toyota To Launch Its Own Cryptocurrency

Isaac Goluboff

Summary: Major car manufacturer Toyota announced today that it would be piloting its own digital currency for use by employees in its IT division Toyota Systems. The car manufacturer will offer its new currency to 2,500 Toyota employees via blockchain-based Japanese crypto exchange DeCurrent, which will allow them to use their coins to purchase benefits and ...

Major car manufacturer Toyota announced today that it would be piloting its own digital currency for use by employees in its IT division Toyota Systems. The car manufacturer will offer its new currency to 2,500 Toyota employees via blockchain-based Japanese crypto exchange DeCurrent, which will allow them to use their coins to purchase benefits and gifts made available to them in a Toyota catalog. Notably, no fiat-to-crypto services will be available, preventing employees from cashing their coins in for Japanese yen.

The announcement of the pilot comes after Toyota's prior foray into the world of blockchain in March of this year, when it launched its Toyota Blockchain Lab.

By Isaac Goluboff

Last Update:

Tags: ,,,,,
Link: Toyota To Launch Its Own Cryptocurrency   [Copy]
Next:

Related Articles

  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 9 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... 13 days ago
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 28 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? September 9, 2025
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules September 5, 2025

    • You need to login to comment.