Carsmartt’s president Roy Capasso has announced that the company has partnered with Miami, Florida-based Crypto Realm to launch a new cryptocurrency called COINSMARTT. This currency will be run by Crypto Realm, and they have already set up a mining facility.
Users accessing Carsmartt through an app or online will pay using the currency they currently have access to. However, instead of paying directly, they will be buying COINSMARTT, which is then collected by Carsmartt for payment. This will keep costs lower for Carsmartt and give consumers more choice in the currency they use to pay for services.
Crypto Realm’s founder, Robert Scott, has now been brought on to Carsmartt as Vice-President of Crypto Currency at the company. Scott is a well-tenured individual, who has led multiple successful companies in the past, leaving them in stable condition before his departure.