Adoption for cryptocurrencies continues despite the 2022 bear market.
Institutional companies continue to increase their cryptocurrency products as they prepare for the next bull season.
The latest news on this issue came from Spain.
Spain‘s largest telecommunications company Telefonica has started accepting payments with cryptocurrencies.
The news comes after the company’s partnership with Bit2Me, Spain’s largest cryptocurrency exchange.
After the payment feature provided by Bit2Me, crypto money started to be accepted in Telefonica’s technology market.
It was stated that Telefonica also invested in the cryptocurrency exchange Bit2Me.
The famous telecommunications company first entered the cryptocurrency market with NFTs. The company has its own NFT marketplace on the Polygon blockchain.
Telephone, which is also interested in Metaverse, has recently signed a series of partnerships and agreements to develop new projects.
We see that many companies around the world are interested in the Metaverse, Web3 and crypto market and are working to get a piece of the pie and to be included in the system at an early stage. Despite the crypto winter, the continued increase in adoption strengthens the expectations for the future of the industry.
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