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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.

By Andrés Engler
AccessTimeIconSep 29, 2022 at 9:14 p.m. UTC
Updated May 11, 2023 at 6:50 p.m. UTC
Telefónica's headquarters in Madrid. (Cristina Arias/Getty Images)

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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Andrés Engler
Andrés Engler

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

Follow @andresengler on Twitter

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