Americans could soon be doing cryptocurrency transactions from their vehicles and arriving at their destinations faster. A subsidiary of Dearborn, Mich.-based Ford Motors has been granted a patent by the United States Patent and Trademark Office for a cryptocurrency-fueled technology to power its cars. It’s called the Cooperatively Managed Merge and Pass (CMMP) It was filed in 2016 and was just granted to Ford Global Technologies.
CMMP is a token-based system that operates within its own ecosystem but also out on the open road. It’s a vehicle-to-vehicle or car-to-car communication platform on which — at the request of participating drivers and enabled by GPS technology — cars can talk to one another about traffic patterns. The system would also monitor and collect data on drivers, which during a time when Facebook is being skewered for data sharing could raise some concerns.