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IOTA Launches TWIN System for Digitizing Trade Documents
IOTA, a cryptocurrency designed for microtransactions, has launched TWIN, a system for digitizing trade documents. The system is used by customs authorities and handles over seven million flower stems in Kenyan exports daily. The platform runs on IOTA, which was originally designed to allow machines to pay each other without fees, and the crowdsale for IOTA tokens closed at exactly 1,337 BTC, with all tokens sold during the crowdsale.