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Telefónica, Spain's Largest Telco, Allows Purchases With Crypto, Invests in Local Exchange Bit2Me
The company activated purchases with crypto on its technology marketplace after adding a payment feature provided by Bit2Me.
Updated May 11, 2023, 6:50 p.m. Published Sep 29, 2022, 9:14 p.m.
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Telefónica, Spain’s largest telecommunications company, is enabling the purchase of products on its technology marketplace with cryptocurrencies.
- The company activated purchases with crypto on Tu.com after adding a payment feature provided by Spain's largest crypto exchange, Bit2Me, the crypto firm told CoinDesk.
- Telefónica has also invested in Bit2Me, the exchange confirmed to CoinDesk, adding that more details on the investment will be released in the coming weeks.
- The Spanish telecommunications company also has its own NFT marketplace on the Polygon blockchain that is initially integrated with MetaMask.
- To develop projects in the metaverse, Telefónica also recently closed deals with companies including Qualcomm, with which it will explore opportunities in the product and service segment in the metaverse.
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