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Spanish Telecom Giant Telefonica Embraces Bitcoin Payments
Telefonica teamed up with Bit2Me to enable settlements in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), USDC, and other coins.
Ankita K.
1:21 1st Oct, 2022
Bitcoin

One of the largest telephone operators and mobile network providers in Spain – Telefonica – partnered with the crypto exchange Bit2Me to allow clients to pay for services in digital assets.

Cryptocurrency adoption seems to be on a high level in the Iberian country. A few months ago, the leading airline company – Vueling – said travelers will be able to purchase flight tickets in bitcoin and other assets from January 2023.

The Madrid-based corporation allowed customers to settle bills in several cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Circle’s stablecoin USDC, and others on its online marketplace named Tu.

To enable the crypto payments, Telefonica joined forces with the Spanish digital asset platform Bit2Me, which provided the infrastructure and will oversee the transactions.

The news grabbed the attention of the Chief Executive Officer of Binance – Changpeng Zhao (CZ) – since he shared it on his personal Twitter account.

It is worth noting that his company recently expanded its presence in the Spanish market. Two months ago, Binance’s subsidiary – Moon Tech Spain – received regulatory approval to register as a Virtual Asset Services Provider (VASP) in the European country.

“MoonTech’s registration in Spain is an acknowledgment of the hard work and commitment of our teams to providing a platform that places users’ protection above all else,” Zhao said back then.

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