Telefonica allows payments in crypto on TU.COM with Bit2Me Commerce

Telefónica, the largest telco and mobile network provider in Spain, is now permitting consumers to buy certain products with cryptocurrencies via their device marketplace, Tu.com. Interested customers can select “Bit2Me Commerce” as the payment method during checkout, and use their cryptocurrencies to purchase devices.

Founded in 2014, Bit2Me is Spain’s largest crypto exchange and a frictionless gateway into the cryptocurrency world. They launched their Bit2me Commerce product in July 2022, with the goal of securely accepting cryptocurrency payments in online stores.

The company, which is based in Valencia, Spain, and known as the first company recognized by the Bank of Spain as a provider of virtual currency services, has since made numerous strides towards facilitating e-commerce websites with crypto payment gateways.

And now, with the integration of “Bit2Me Commerce” into Telefónica’s technology marketplace, crypto enthusiasts will be able to make withdrawals, exchanges, and other safe operations with cryptos.

Currently, there are six products which are eligible to be purchased with this new feature, including smartphones from brands like OPPO, Samsung, and Redmi, as well as Xiaomi Mi TV and Xiaomi Mi electric scooter.

Before advancing further, Please note that all the information provided in this article is for general information purposes only, and does not constitute investment advice. Please visit the official website of TU.Com and Bit2Me for a more updated news.

How to use cryptocurrencies through Bit2Me Commerce to buy products on TU.com?

Step 1: Place the product or products in your shopping cart. Remember that the total amount of the cart must be between €200 and €500.

Step 2: Select the Bit2MeCommerce service as a payment method and accept its terms and conditions.

Step 3: Next, choose the cryptocurrency you prefer, and Bit2Me Commerce will show you the equivalent value of your purchase in cryptocurrencies.

Step 4: Proceed to the transfer through your wallet or digital wallet. Bit2Me will handle the exchange of cryptocurrencies to euros and will manage the payment of the terminal on your behalf.