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.

Sep 29, 2022 at 9:14 p.m. UTC

Updated Sep 29, 2022 at 9:40 p.m. UTC

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

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

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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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