Share this article
Telecom Giant Orange to Back Bitcoin in Silicon Valley
The Silicon Valley division of global telecommunications giant Orange is planning to invest in the bitcoin space.
Updated Sep 11, 2021, 11:38 a.m. Published Apr 9, 2015, 12:13 p.m.
The Silicon Valley division of global telecommunications giant Orange is planning to invest in the bitcoin space.
Orange Silicon Valley (OSV), which lists cryptocurrency as one of its main focus areas, is looking to spend up to $20,000 per startup and is currently in talks with two bitcoin companies, according to Bloomberg.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"There's something intriguing in this technology," Georges Nahon, OSV's chief executive officer told reporter Olga Kharif, adding "so we want to be there as early as possible. This could be a digital platform for the future".
The news comes after Orange expanded its VC effort with the creation of Orange Digital Ventures, announcing its goal to support 500 startups worldwide by 2020 in March.
Other telecommunications companies have embraced investing opportunities in the digital currency sector. DoCoMo, Japan's predominant mobile phone operator, invested in San Francisco-based bitcoin exchange Coinbase during its $75m round in January.
Bitcoin payments are also seeing increasing adoption in the communications industry. Perseus Telecom, a high-speed, heavy-bandwidth communications channel provider for major global stock and securities exchanges, partnered with GoCoin to begin accepting bitcoin payments in early 2014.
T-Mobile Poland also announced that it was trialling bitcoin mobile top-up payments in February, following a partnership with local bitcoin processor InPay S.A.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Drop Wipes Out $370M in Bullish Bets as BTC, ETH Give Back Gains
Binance, Hyperliquid, and Bybit were the most affected exchanges, comprising 72% of all forced unwinds.
What to know:
- Crypto markets experienced a significant leverage reset with over $514 million in positions liquidated in 24 hours.
- Long positions accounted for $376 million of the liquidations, indicating traders were heavily betting on continued market gains.
- Binance, Hyperliquid, and Bybit were the most affected exchanges, comprising 72% of all forced unwinds.
Top Stories
