{"id":164625,"date":"2022-09-30T11:37:07","date_gmt":"2022-09-30T11:37:07","guid":{"rendered":"https:\/\/precoinnews.com\/?p=164625"},"modified":"2022-09-30T11:37:07","modified_gmt":"2022-09-30T11:37:07","slug":"spains-largest-telecom-brand-dives-deep-into-web3","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/spains-largest-telecom-brand-dives-deep-into-web3\/","title":{"rendered":"Spain\u2019s largest telecom brand dives deep into Web3"},"content":{"rendered":"

With crypto adoption moving forward in various parts of the world, Spain continues to encounter major developments in its local blockchain space as its largest telecom services provider dives deeper into Web3 technologies.\u00a0<\/p>\n

Telef\u00f3nica, the multinational telecom company based in Madrid, Spain, has enabled payments with cryptocurrencies like Bitcoin (BTC), Ether (ETH), Litecoin (LTC), USD Coin (USDC) and many others on its online tech marketplace called Tu. The firm integrated a crypto payment feature provided by the Spanish crypto exchange Bit2Me to receive crypto in exchange for their tech products. The exchange teased the integration during its Telef\u00f3nica Metaverse Day event.<\/p>\n

Apart from integrating crypto in its online store, the telecom firm has also recently announced its collaboration with the software company Qualcomm Technologies to advance its extended reality (XR) ecosystem and bring the Metaverse to life.\u00a0<\/p>\n

According to Daniel Hern\u00e1ndez, an executive at Telef\u00f3nica, their firm collaborated with Qualcomm to prepare for the future and build its infrastructure. This is to stay on top of developments so that they are able to provide innovative services to their customers. <\/p>\n

Apart from its efforts in integrating crypto and building the Metaverse, the company has also dabbled in nonfungible tokens (NFTs). The firm has built and released its own NFT marketplace integrated with the crypto wallet MetaMask. <\/p>\n

Related: <\/em><\/strong>Bit2Me to onboard 100k blocked crypto investors from 2gether exchange<\/em><\/strong><\/p>\n

This is not Telef\u00f3nica\u2019s first encounter with blockchain technology. As previously reported by Cointelegraph, the firm announced an initiative that supported blockchain and artificial intelligence (AI) startups in 2019. The move aimed to enhance traditional ecosystems with emerging technologies. <\/p>\n

In 2020, Telef\u00f3nica collaborated with Deutsche Telekom and British provider Vodafone to test a blockchain solution to settle roaming discount agreements. The blockchain-based solution was expected to reduce the costs for the telcos and create more efficient settlement workflows for inter-company deals. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With crypto adoption moving forward in various<\/p>\n","protected":false},"author":3,"featured_media":164624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nSpain\u2019s largest telecom brand dives deep into Web3 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/spains-largest-telecom-brand-dives-deep-into-web3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spain\u2019s largest telecom brand dives deep into Web3 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"With crypto adoption moving forward in various\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/spains-largest-telecom-brand-dives-deep-into-web3\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-30T11:37:07+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/09\/Spains-largest-telecom-brand-dives-deep-into-Web3.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/spains-largest-telecom-brand-dives-deep-into-web3\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/spains-largest-telecom-brand-dives-deep-into-web3\/\",\"name\":\"Spain\u2019s largest telecom brand dives deep into Web3 - 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