Spain’s largest telecom company accepts BTC and crypto

• Telefónica, the largest telecom company in Spain, now accepts Bitcoin and crypto for technology products.
• Bitcoin adoption has taken off, a bank in Kazakhstan bought BTC.
• Analysts identify signs of potential upside in Bitcoin price.

Bitcoin adoption has gained momentum in Spain as the largest telecom company Telefónica accepts BTC and crypto. Analysts have predicted an increase in the Bitcoin price with increasing adoption and acceptance worldwide.

Also read: Shiba Inu Price: Shiba Eternity Download Day The Biggest Bullish Catalyst In SHIB History?

Telefónica accepts Bitcoin and crypto payments

Spain’s largest telecom company Telefónica has announced the acceptance of Bitcoin and cryptocurrencies as payment.

Telefónica enabled crypto purchases on Tu.com after adding a payment function provided by Spain’s largest crypto exchange, Bit2Me. The telecom company has also invested in Bit2Me with further details expected to be released soon.

Telefónica has previously ventured into crypto through the metaverse and partnered with Qualcomm to explore a joint commercial metaverse opportunity. The collaboration will drive the launch of XR augmented reality metaverse products and services. The official release reads:

This agreement opens up the opportunity to deliver new experiences to customers that merge the digital and analog worlds, restoring commerce, entertainment and communication in the Metaverse.

The Spanish telecom giant developed a solution for companies to easily issue NFTs through its partnership with Ethereum scaling solution Polygon.

Fashion giant Gucci announced that it will begin accepting cryptocurrencies such as Shiba Inu, Dogecoin, Bitcoin and Ethereum in select stores. Alongside the fashion giants, restaurants such as Chipotle have embraced crypto payments highlighting Bitcoin’s growing use.

Bitcoin price shows signs of an upswing

Glenn Williams, a cryptoanalyst evaluated the Bitcoin price trend and noted that BTC could witness a potential rally.

Bitcoin price chart shows early signs of an uptrend. Recent trading data revealed that Bitcoin recorded a series of “higher lows”, setting the stage for the largest cryptocurrency by market capitalization to start rising again.

This means that more buyers are willing to buy Bitcoin at increasingly higher prices. On September 21, Bitcoin gradually made higher highs over the course of nine days. Analysts believe the Bitcoin price has the potential to climb higher and rally 27%.

BTC-USD exchange rate chart