Spain’s largest telecom company Telefónica accepts Bitcoin payments

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Updated on Sep 25, 2024

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Generally, crypto adoption around the world rising and companies are gradually enabling crypto payments.
The latest company to adopt crypto payment is Telefónica, Spain’s largest telecom.
Telefónica now accepts Bitcoin and other cryptocurrencies for the purchase of technology products.

Spain’s largest telecom company, Telefónica, has joined other companies around the world in accepting crypto payments. Customers will now be able to use Bitcoin (BTC/USD) and other cryptocurrencies to purchase of products on its technology marketplace.

Telefónica activated crypto-enabled purchases on its tech marketplace after adding a Bit2Me payment feature on the marketplace. There was also some revelation about Telefónica investing in the Bit2Me crypto exchange but the details of the investment are expected to be released in the coming weeks.

Telefónica NFT marketplace

Besides its latest move to accept Bitcoin and crypto payments, Telefónica also has an NFT marketplace on the Polygon blockchain. The NFT marketplace is currently only integrated with MetaMask. The marketplace was created after the company entered into a partnership with Polygon earlier this year to develop Web3 solutions that allow companies to easily issue non-fungible tokens (NFTs).

Recently, the company signed a deal with Qualcomm Inc (NASDAQ: QCOM) to explore joint commercial metaverse opportunities in the products and services in the metaverse. The deal also included the launch of XR metaverse products and services that took place earlier this week.

According to the officially released statement on Qualcomm’s deal, the agreement:

“Opens the opportunity to deliver new experiences to customers merging the digital and analogue worlds, re-imagining commerce, entertainment, and communication in the Metaverse.”