In Spain, Bitcoin, Ether and a few other cryptocurrencies are increasingly accepted in commercial exchanges as a method of payment. It is very likely that this will increase in the near future.
It is in this context that Telefónica, one of the largest telecommunications companies in Spain, has announced that it now accepts digital currencies such as Bitcoin as a means of payment on its platform.
Telefónica makes the leap into the cryptocurrency market
One of the largest telecommunications companies in Spain, Telefónica, has authorized the use of crypto currencies to make purchases on its Tu.com website.
Since the announcement of this news, the company’s website has had a button on its interface that indicates the Bit2Me payment method (see also: How and where to pay in crypto currency in France?).
To achieve this result, which is seen as a great step forward by cryptocurrency investors and more broadly by the crypto community; Telefónica has signed a partnership agreement with Bit2Me. Bit2Me being one of the largest cryptocurrency exchanges in the country.
In addition to this agreement, Telefónica has made a heavy investment in Bit2Me to strengthen this long-term partnership. True, the announcement is already made and the payment method is available on the Tu.com platform.
However, the company Telefónica has announced that there will be other very useful developments for its customers in the coming weeks.
Cryptocurrencies accepted as a method of payment by Telefónica on its platform
The first cryptocurrency accepted by Telefónica is obviously Bitcoin. Indeed, in addition to being the best known and most coveted digital currency, bitcoin is cryptocurrency that the Spaniards have the most.
Alongside Bitcoin, Telefónica accepts payments for its products and services on its website with Ether (the cryptocurrency of Ethereum), USDC, le Ripple and many other currencies that trade on the Bit2Me platform.
For Spaniards, the fact that the largest telecommunications company in the country accepts bitcoin and some virtual currencies as a method of payment is a good thing.
In fact, thanks to this new payment option available on Telefónica’s e-commerce platform, Spaniards will be able to spend their assets in virtual currencies without using real money. This is a big step towards the mass adoption of cryptocurrencies.