micro-payment

IOTA is a new distributed ledger technology designed for the Internet of Things (IoT). IOTA is a decentralised, distributed, lightweight, machine-to-machine (M2M) micro payment and transaction system for IoT devices and systems.

Industry body, the Open Standard for Public Transport (OSPT) Alliance, has announced a new test suite and test plan for products conforming to its CIPURSE™, open standard, which offers an advanced foundation for developing applications such as automated fare collection (AFC), ticketing, loyalty and micro-payment.