Telefónica enables crypto payments

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Updated October 4, 2022 | Published October 4, 2022

2 mins read

The new initiative aims to boost creative diversity in payment options on the Tu.com marketplace.

Spanish telecommunications company Telefónica has started accepting cryptocurrency payments via a partnership with Spanish crypto exchange Bit2Me.

Users can now pay for items using crypto if purchased through the Telefonica marketplace, Tu.com.

In partnership with Bit2Me, the focus is to create diversity in payment options for users, also acting as an encouragement to use crypto holdings for transactions.

Telefónica is not only working with Bit2Me to incorporate crypto currencies for payment but is making an investment in the crypto firm.

However, the official amount and terms and conditions have yet to be published and will be released over the next few weeks.

This is not the telecoms giant’s first dip into Web 3.0 waters.

While being new to payments in digital currencies, the company already holds a NFT marketplace – displaying artworks of creative moguls – built on the Polygon protocol with Metamask integrations.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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