Binance Coin Price Prediction as German Car Manufacturer BMW Partners with BNB Chain – BNB to the Moon?
Binance Coin price downtrend has cooled off this week, aided by a robust buyer congestion zone at $244. The native exchange token has, since December 17, recouped 11% of the losses suffered this month to trade at $244 at the time of writing, not to mention the retracement from highs around $254.
A bullish green candle forming on the four-hour chart could pave the way to a 7.35% triangle breakout, but first, Binance Coin price must flip above the 50-day Exponential Moving Average (EMA) (in red at $245.8).
BMW, one of the leading German car manufacturers, has partnered with BNB Chain and Coinweb to add blockchain into its daily operations. According to a news article by Cointelegraph, this collaboration will help BMW create a blockchain loyalty program.
The partnership has been split into two phases, with BMW committing to integrating decentralized tech into the company’s daily operations to eliminate the tedious paperwork. In the second phase, the car manufacturer will develop and operationalize a loyalty program in collaboration with Coinweb.
The loyalty program will tap Web3 solutions to incentivize BMW Group customers. Customers will be grouped in tiers, considering their account status. Loyalty rewards will be distributed based on customer actions over time.
BMW customers will use the rewards to pay for goods and services offered by the company and in a connected ecosystem likely to come in the future. The BNB Chain was tapped to settle all transactions.
“Customers will be rewarded with loyalty points, and they will be able to spend within the ecosystem. Our hope is that there will be a future global rollout but currently our partnership is for Thailand,” Coinweb CEO, Toby Gilbert, told Cointelegraph.
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