'FuelPay' Converts Driving Energy into Crypto Coins for Fuel
Michael Hemsworth — June 11, 2020 — Autos
References: launchbacker & yankodesign
The 'FuelPay' device is a clever solution for drivers of gas, diesel or electric-powered vehicles that will enable them to mine cryptocurrency as they drive. The system works simply by being plugged into the 12V outlet in a car cabin and connected to a smartphone via Bluetooth; the device will go to work by drawing energy from the vehicle as you drive to power itself for cryptocurrency mining. This can then be converted into money that can be used for paying for fuel in order to reduce the amount of cash drivers need to spend on gas or electricity cost.
The 'FuelPay' system has been developed by Pål Lokøen and works with the accompanying Visa debit card to let users access their funds at the pump.
The 'FuelPay' system has been developed by Pål Lokøen and works with the accompanying Visa debit card to let users access their funds at the pump.
Trend Themes
1. Cryptocurrency-mining Car Devices - A new trend in the automotive industry is the development of devices that allow drivers to mine cryptocurrency as they drive, creating opportunities for new revenue streams through digital currencies.
2. Energy Harvesting for Cryptocurrency Mining - There is a growing trend of developing devices that enable energy harvesting for cryptocurrency mining, which has the potential to disrupt traditional mining methods and create new revenue streams for energy providers.
3. Cryptocurrency Payment Systems - The rise of cryptocurrency payment systems, such as FuelPay, is a trend that could revolutionize traditional payment methods by creating new opportunities for paying for goods and services using digital currencies.
Industry Implications
1. Automotive Industry - The automotive industry has an opportunity to create new revenue streams through the development of cryptocurrency-mining devices, which can attract tech-savvy customers interested in alternative methods of earning money.
2. Energy Industry - The energy industry can benefit from the trend of energy harvesting for cryptocurrency mining, as it presents new opportunities to monetize excess energy and provide innovative solutions to customers.
3. Financial Services Industry - The financial services industry has an opportunity to capitalize on the trend of cryptocurrency payment systems by offering new payment solutions that cater to the growing demand for digital currencies and expand their customer base.
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