Spanish company Telefónica begins accepting cryptocurrency

The activation of crypto payments was made possible by the Bit2Me exchange, in which Telefónica invested

30.09.2022 - 08:15

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What’s new? Telefónica, Spain’s largest telecommunications company, has announced that it will allow the purchase of goods on its technology marketplace with cryptocurrencies. The company has activated the acceptance of digital assets on Tu.com after adding a payment feature provided by Spain’s largest cryptocurrency exchange, Bit2Me, the company’s representatives told CoinDesk.

Information on the CoinDesk website

What else does Telefónica do? The company was founded in 1924 and is headquartered in Madrid. The company is the 8th largest telecommunications company in the world, serving 325 million subscribers. It has invested in Bit2Me, adding that more information will be released in the coming weeks. Telefónica also has its own NFT marketplace on the Polygon blockchain, integrated with MetaMask. Telefónica has announced a partnership with chip maker Qualcomm to explore joint commercial opportunities of metaverses.

In May, it became known that Dubai airline Emirates would start accepting bitcoin payments. The airline will also add the ability to trade NFTs on its websites and begin developing a metaverse. Also, fashion house Balenciaga announced that it would begin accepting cryptocurrency payments at its flagship stores in the United States. The brand will accept bitcoin and Ethereum as payment at select locations, including branches on Madison Avenue in New York City and Rodeo Drive in Beverly Hills, as well as at its online store.

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