Spanish Telecom giant Telefonica partners with Bit2Me to accept Bitcoin Payments

Madrid-based Telefónica has recently teamed with Bit2Me to enable customers to pay for services in Bitcoin.

One of the biggest Spanish telecom companies and mobile network providers, Madrid-based Telefónica, has recently teamed with Bit2Me to enable customers to pay for services in Bitcoin.

Telefonica collaborated with the Spanish digital asset marketplace Bit2Me to make crypto payments possible; Bit2Me provided the necessary infrastructure and would manage the transactions.

CZ shared the massive Bitcoin adoption news

Since Changpeng Zhao (CZ), the CEO of Binance, shared the Bitcoin adoption news on his own Twitter account, it caught the interest of whole crypto community.

It is noteworthy that his company has just increased its exposure in the Spanish market. The exchange giant’s subsidiary Moon Tech Spain gained approval from the authorities to apply for registration as a VASP or Virtual Asset Services Provider in the European nation two months ago. Zhao stated at the time:

“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.”

The Iberian nation appears to have witnessed a massive increase in adoption rate for cryptocurrencies. The largest airline, Vueling, announced a few months ago that starting in January 2023, customers will be able to pay for flights using bitcoin and other currencies.

In June, the company partnered with BitPay to allow users to purchase tickets in 13 different cryptocurrencies, including Bitcoin (BTC), Etherereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB). Vice President of Marketing at BitPay Merrick theobald sid at the time that the Spanish firm “recognizes the potential of cryptocurrencies to transform the airline industry, making payments faster, more secure, and less expensive on a global scale.”

Moreover, customers could pay their bills on the Madrid-based company’s online marketplace, Tu, with a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Circle’s stablecoin USDC, and others.