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Telefónica, Spain’s Largest Telco, Allows Purchases With Crypto, Invests in Local Exchange Bit2Me

Telefónica, Spain’s largest telecom company, allows the purchase of products in its technology market in cryptocurrencies.

The company activated purchases using Tu.com encryption after adding the payment feature provided by Spain’s largest crypto exchange, Bit2Me, crypto company told CoinDesk.

The stock exchange confirmed to CoinDesk that Telefónica has also invested in Bit2Me, adding that more details about the investment will be released in the coming weeks.

The Spanish telecom company also owns its own NFT market in Polygon blockchain which was initially integrated with MetaMask.

To develop projects in metaverse, Telefónica has also recently entered into deals with companies including Qualcomm, with which it will explore opportunities in metaverse’s product and service sector.

Source

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