Spain’s largest telecom company Telefónica has led a key investment round in the country's largest crypto exchange Bit2Me.
Local reports indicate that the investment was for $29 million. Bit2Me declined disclosing the details of the deal.
"At Bit2Me we are always aiming to bring cryptocurrencies closer to everyone, and through the Telefónica integration we have the opportunity to reach many more people," a Bit2Me representative told Decrypt via email. "I think it’s quite a natural union, taking into account that Telefónica is one of the largest telecommunication companies in the world and Bit2Me is the most complete crypto platform with headquarters in Europe."
Telefónica will also start piloting crypto payments on its online marketplace, with Bit2Me reportedly leading the development of the technology.
Payments will be limited to purchases like televisions and mobile phones up to $500. The company said it has no plans to allow customers to pay for their phone bills in crypto, for...
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