Deutsche Telekom Invested in Celo Cryptocurrency Payment Platform – Bits Media

Europe's largest telecommunications company Deutsche Telekom has invested in the Celo payment platform, providing access to DeFi projects from a mobile phone.

According to the publication of Reuters, The telecommunications giant Deutsche Telekom once again confirmed his Interest in blockchain. The company invested in the decentralized payment network Celo, oriented primarily to mobile devices. The exact size of the investment is not disclosed.

Deutsche Telekom also bought a “significant number of Celo coins. According to the co -founder of Celo Rene Rainsberg (Clean reinsberg), San Francisco company, whose services are available in more than 100 countries, allows users to send and receive crypto acts using mobile phones. CELO market capitalization is about $800 million.

“We don't know, Where will Celo be in five to ten years, But I think, that we have a pretty good idea of ​​that, that this decision will stay with us for a long time ", – Said the head of the Center for Solutions on the Blockchain in the T-Systems MMS Deutsche Telekom division Andreas Ditrich (Andreas Dittrich).

Deutsche Telekom also joined the Global Alliance Celo Alliance for Prosperity – Celo ecosystem and network, which includes more 130 members, Including non -profit organizations, sellers, payment systems and a company -oriented company. According to the statement, Deutsche Telekom – The first telecommunication company, joining the alliance.

Celo is focused on ensuring access to Defi systems and tools through a smartphone. As notes Deutsche Telekom, Any fluctuations in the cost of the Celo cryptoactivity will not have a noticeable effect on the company, Given the size of investment.

Recall, that last summer telecommunication companies Telefonica, Deutsche Telekom and Vodafone completed
Pilot project to test blockchain when calculating payments for roaming.