{"id":208778,"date":"2021-03-23T12:47:25","date_gmt":"2021-03-23T09:47:25","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fiats-sustainable-driving-cryptocurrency-is-utter-bollocks\/"},"modified":"2021-03-23T12:47:25","modified_gmt":"2021-03-23T09:47:25","slug":"fiats-sustainable-driving-cryptocurrency-is-utter-bollocks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fiats-sustainable-driving-cryptocurrency-is-utter-bollocks\/","title":{"rendered":"#Fiat\u2019s \u2018sustainable driving\u2019 cryptocurrency is utter bollocks"},"content":{"rendered":"<p>&#8220;<strong>#Fiat\u2019s \u2018sustainable driving\u2019 cryptocurrency is utter bollocks<\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/03\/kiricoin-bitcoin-crypto-fiat-500-car-future-rewards-sustainablility-796x417.jpg\" \/><\/p>\n<div>\n                                *Sigh*<\/p>\n<p>I thought we\u2019d moved on from stuff like this. It\u2019s not 2017 anymore, but obscure and useless cryptocurrencies are still trying as they might to be <em>A Thing. <\/em>In recent weeks, you might have seen headlines touting Fiat\u2019s new partnership with cryptocurrency KiriCoin \u2014 but please, don\u2019t get swept up by its novelty.<\/p>\n<p>                <iframe loading=\"lazy\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/epvmxh57cx?videoFoam=true&amp;autoplay=true&amp;silentAutoPlay=true\" title=\"Bumper 06 Video\" allow=\"autoplay; fullscreen\" allowtransparency=\"true\" frameborder=\"0\" scrolling=\"no\" class=\"wistia_embed\" name=\"wistia_embed\" allowfullscreen=\"\" msallowfullscreen=\"\" width=\"100%\" height=\"100%\"><\/iframe><\/p>\n<p>According to a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.media.stellantis.com\/uk-en\/fiat\/press\/e-mobility-by-stellantis-presents-an-innovative-program-for-new-500-customers-in-partnership-with-kiri-technologies\">press release by Fiat\u2019s owner Stellantis<\/a>, KiriCoin is embedded in the ever lovable Fiat 500\u2019s accompanying <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>. Careful and economical drivers will, in theory, be rewarded with KiriCoin which can then be \u2018spent\u2019 in KiriMarket, the cryptocurrency\u2019s own marketplace. (FYI: I was going to link to the digital storefront, but the URL is flagged by my browser as a security risk, take that for what you will).<\/p>\n<p>In the press release, Stellantis said drivers would be rewarded with Amazon, Apple, Netflix, and Zalando gift cards, however, none of these appear yet on the Kiri marketplace.<\/p>\n<p>However, as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnet.com\/roadshow\/news\/stellantis-fiat-500-europe-kiricoin-crypto\/\">Road Show by CNET points out<\/a>, there\u2019s virtually nothing of any value in the store right now. While that could change in future, don\u2019t expect it to.<\/p>\n<p>Cryptocurrency and blockchain startups have a habit of wooing bigger, well-known companies into getting onboard with their <em>revolutionary <\/em><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. They make big promises, use a lot of buzzwords, and ultimately offer the bigger companies terms that don\u2019t really come with any inherent risk.<\/p>\n<p>But they also don\u2019t come with any inherent value.<\/p>\n<p>At worst, the well-known firms stand to look a bit silly, at the worst, if things don\u2019t pan out. In this case, if KiriCoin turns out to be bunk, which it probably will do, Fiat can just remove the functionality from the app or find another way of rewarding its drivers.<\/p>\n<p>In reality, if Fiat realllllly wanted to, it could develop its own database of drivers, and arbitrarily reward them with points that get them discounts on useful stuff like tires, servicing, fuel, and so on.<\/p>\n<p>Instead, partnering with KiriCoin gives Stellantis a fast route to being able to say that it\u2019s the \u201cfirst automotive manufacturer to reward its customers for sustainable driving behavior.\u201d On the surface, that sounds like quite an honorable pursuit.<\/p>\n<p>There\u2019s not really any reason for Fiat to partner with a company like Kiri Technologies, other than to get the platform up and running quickly, and make brash, semi-substantiated claims on a press release.<\/p>\n<p>What\u2019s more, you\u2019re also going to have to drive a lot to earn anything worth spending.<\/p>\n<p>The announcement says that one kilometer of city driving is equal to about one KiriCoin, which itself is worth around two euro cents. So, to earn \u20ac150 you will have to complete 10,000 km of city driving in a year.<\/p>\n<p>In a weird round about sort of way, this is actually incentivizing people to drive in cities, which is hardly the most sustainable choice in the first place. By driving less each year, you could quite easily save \u20ac150 in fuel. So I\u2019m not sure the logic here entirely checks out.<\/p>\n<p>Other similar schemes, run in the West Midlands of England are instead rewarding drivers for not using their cars, which sounds like a far more sustainable option.<\/p>\n<p>Whilst it appears to be the first to get it off the ground, Stellantis isn\u2019t the first carmaker to entertain a cryptocurrency rewards program.<\/p>\n<p>Jaguar Land Rover has supposedly been in talks with IOTA to use the blockchain startup\u2019s tech to reward drivers for sharing data about their journeys. That was a couple of years ago, and yet we still have nothing, and it\u2019s not clear where those conversations lead.<\/p>\n<p>Back in 2019, a new app launched to Product Hunt, called Lympo Squat. It used your phone camera to track your movement as you do squats, it would then reward you in Lym tokens for every successful squat.<\/p>\n<p>I did the math, and you\u2019d have to do 5,000 squats to earn $8. As with Fiat and KiriCoin, you have to do a lot for it to be worthwhile at all. And if you really care about sustainability and the environment, you shouldn\u2019t need some poxy cryptocurrency to get you driving sensibly. If you do, you deserve to get nothing for your efforts.<\/p>\n<p>At the moment, Fiat\u2019s KiriCoin partnership is only available in 13 European countries, but I wouldn\u2019t worry if you feel like you\u2019re missing out \u2014 you\u2019re really not.<\/p>\n<hr\/>\n<p><i><span>Do EVs excite your electrons? Do ebikes get your wheels spinning? Do self-driving cars get you all charged up?\u00a0<\/span><\/i><\/p>\n<p><i><span>Then you need the weekly SHIFT <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter in your life. <\/span><\/i><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/share.hsforms.com\/1YPSj53mFQtSeGzy8o72bsw47gef\"><i><span>Click here to sign up<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n<p class=\"c-post-pubDate\">\n                                    Published March 23, 2021 \u2014 09:47 UTC\n                                <\/p>\n<\/p><\/div>\n<p><script data-src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;appId=378011798897423&amp;version=v2.6\" id=\"socialSrcFacebook\" type=\"text\/template\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/shift\/2021\/03\/23\/fiats-cryptocurrency-rewards-program-bollocks\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Fiat\u2019s \u2018sustainable driving\u2019 cryptocurrency is utter bollocks&#8221; *Sigh* I thought we\u2019d moved on from stuff like this. It\u2019s not 2017 anymore, but obscure and useless cryptocurrencies are still trying as they might to be A Thing. In recent weeks, you might have seen headlines touting Fiat\u2019s new partnership with cryptocurrency KiriCoin \u2014 but please, don\u2019t&#8230;<\/p>\n","protected":false},"author":1,"featured_media":208779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/shift?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/03\/kiricoin-bitcoin-crypto-fiat-500-car-future-rewards-sustainablility.jpg&signature=cc8b37120fa82151c9ea0c2fd2b85f07","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-208778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/208778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=208778"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/208778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/208779"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=208778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=208778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=208778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}