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

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

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.

The company activated purchases with crypto on its technology marketplace after adding a payment feature provided by Bit2Me.

The company activated purchases with crypto on its technology marketplace after adding a payment feature provided by Bit2Me.

AccessTimeIconSep 29, 2022, 9:14 PM
Updated May 11, 2023, 6:50 PM

Telefónica's headquarters in Madrid. (Cristina Arias/Getty Images)

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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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The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Andrés Engler was a CoinDesk editor based in Argentina, where he covers the Latin American crypto ecosystem. He holds BTC and ETH.


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