Deutsche Telekom, one of the leading players in the traditional telecommunications sector, is accelerating its investments in blockchain technology. The company announced today that it has joined XDC Network, a major player in the field of tokenized assets and decentralized finance. This move seems to open a new era in the sector by further strengthening the bridge between the telecom giant and the altcoin and blockchain world.
Germany-based Deutsche Telekom has focused on this altcoin network
Germany-based telecommunications giant Deutsche Telekom is taking its presence in the cryptocurrency and blockchain ecosystem a step further. The company’s subsidiary Deutsche Telekom MMS announced today that it will expand its Web3 services to the XDC Network. With this move, Telekom will add strength to the XDC ecosystem, which focuses on tokenized real-world assets (RWA), trade finance, and decentralized physical infrastructure (DePin).
Deutsche Telekom MMS, which will be the infrastructure provider in the XDC Network, will also operate a standby masternode. Such nodes do not normally verify transactions on the blockchain, but they are activated if the number of main validator nodes falls below the critical level of 108. This move by Telekom emphasizes that it will support blockchain-based applications for the financial sector with its reliable and high-performance infrastructure.
Bitcoin mining move
Deutsche Telekom’s interest in the blockchain world is quite remarkable. At the Bitcoin conference held in Prague last month, it was announced that the company would start mining Bitcoin. Telekom currently operates nodes on the Bitcoin and Lightning networks. It also acts as a validator on proof-of-stake blockchains such as Ethereum, Polygon and Polkadot, and offers its customers the opportunity to earn rewards by staking their crypto assets.
The XDC Network is a layer one blockchain compatible with the Ethereum Virtual Machine (EVM). Noted for its fast transaction times and near-zero transaction fees, the network hosts stablecoins based on the Euro and US Dollar, as well as tokenized versions of real-world assets like gold and US Treasuries.
What do Deutsche Telekom’s steps mean?
This investment by Telekom is considered an important step in strengthening the bridges between the traditional financial world and the cryptocurrency ecosystem. The company’s infrastructure and expertise seem to contribute to the growth of the XDC Network and its access to a wider audience. It is anticipated that Telekom’s activities in the blockchain field will increase even more in the coming period.
This development also attracted attention in cryptocurrency markets. The XDC token rose after the news. Investors believe that the development of the XDC ecosystem will accelerate with the support of Telekom. However, experts emphasize that investment decisions should be made carefully considering the volatility of the markets.
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