The largest telecommunications company in Spain accepts payments in cryptocurrencies in its online store. Telefnica has a partnership with Bit 2 Me, the country's largest local exchange for transactions, enabling it to offer a revolutionary payment method. How smart money is playing the game of criptocurrency.
The new payment method will be offered through its marketplace Tu.com, where users can buy a wide range of products, including phones and Xiaomi TV sets.
In order to conduct a transaction using the payment method, customers must meet a minimum purchase price between $200 and $500.
The company will support Bitcoins, Litecoin, Bitcoin Cash,Ethereum, Ripple, Tether USD TRC 20 token, USD coin, and TRON.
The company automatically converts the coin into euros for merchants to ease adoption and prevent technical problems.
Spanish airline Vueling will be scheduling acceptance of Bitcoin next year because of the partnership with BitPay and soccer team RCD Espanyol is now accepting payments in the country.
According to TripleA, around 1.1 million people in Spain have adopted cryptocurrencies.