Nodle, a self-described “IoT connectivity and security startup,” has revealed the former CEO of Bitcoin.com, Stefan Rust, has joined the platform’s Board of Directors, according to a press release.
Rust is a leading proponent for the Bitcoin Cash blockchain network.
Nodle has its own cryptocurrency as well, called Nodle Cash, that “smartphone users earn by connecting to nearby sensors and Bluetooth-enabled IoT devices,” the release notes.
Stefan will try and grow the Nodle Cash ecosystem and the “decentralization of the Nodle Network, as well as grow the developer community and secure adoption with strategic partners,” it also states.
Speaking on the matter is Rust himself, who said:
“Nodle Cash is a manifestation of my background in blockchain and wireless — combined with the business model of tomorrow — where the user gets paid. We started off with big telcos charging us a lot of money to communicate over the network. Along came IP, and all we did was pay for connection. With social media, we pay with our data. Nodle Cash is one of the first payment systems where you get paid for the data you provide which in turn allows businesses to improve their service.”