With crypto adoption shifting ahead in varied components of the world, Spain continues to come across main developments in its native blockchain house as its largest telecom providers supplier dives deeper into Web3 applied sciences.
Telefónica, the multinational telecom firm based mostly in Madrid, Spain, has enabled funds with cryptocurrencies like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), USD Coin (USDC) and lots of others on its on-line tech market known as Tu. The agency built-in a crypto cost function offered by the Spanish crypto alternate Bit2Me to obtain crypto in alternate for his or her tech merchandise. The alternate teased the mixing throughout its Telefónica Metaverse Day occasion.
¿Qué creéis que estamos preparando con @Telefonica? pic.twitter.com/cYijpO1Zyj
— Bit2Me (@bit2me) September 29, 2022
Other than integrating crypto in its on-line retailer, the telecom agency has additionally not too long ago introduced its collaboration with the software program firm Qualcomm Applied sciences to advance its prolonged actuality (XR) ecosystem and convey the Metaverse to life.
In accordance with Daniel Hernández, an govt at Telefónica, their agency collaborated with Qualcomm to arrange for the longer term and construct its infrastructure. That is to remain on prime of developments in order that they can present modern providers to their clients.
Other than its efforts in integrating crypto and constructing the Metaverse, the corporate has additionally dabbled in nonfungible tokens (NFTs). The agency has constructed and launched its personal NFT market built-in with the crypto pockets MetaMask.
Associated: Bit2Me to onboard 100k blocked crypto traders from 2gether alternate
This isn’t Telefónica’s first encounter with blockchain expertise. As beforehand reported by Cointelegraph, the agency introduced an initiative that supported blockchain and synthetic intelligence (AI) startups in 2019. The transfer aimed to reinforce conventional ecosystems with rising applied sciences.
In 2020, Telefónica collaborated with Deutsche Telekom and British supplier Vodafone to check a blockchain answer to settle roaming low cost agreements. The blockchain-based answer was anticipated to cut back the prices for the telcos and create extra environment friendly settlement workflows for inter-company offers.
