While crypto adoption now continues to advance globally, Spain is facing major developments in its local blockchain space. Its largest telecom service provider is now delving deeper into Web3 technologies.
Payment can be made with various cryptos
It concerns the multinational telecom company called Telefónica, which is based in Madrid. They have already made payments with cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) possible.
The company integrated the crypto payment feature of the Spanish crypto exchange called Bit2Me to receive crypto in exchange for their technical products.
In addition, the Spanish telecommunications company has also announced a partnership with Qualcomm Technologies to make improvements to its Extended Reality (XR) ecosystem and bring the Metaverse to life.
According to a representative from Telefónica, they have partnered with Qualcomm Technologies to prepare for the future and to build an infrastructure ahead of time. This is to keep abreast of the latest developments, so that they in turn can continue to offer their customers innovative services.
In addition to the crypto integration and the Metaverse, the telecom company is also reportedly engaged in NFTs. For example, the company has released its own NFT marketplace, with a MetaMask Crypto Wallet integration. They are making great strides within the overall crypto world.
