Australia’s Biggest Telecom Telstra Eyeing Bitcoin
Amid a challenging regulatory environment, Australia’s biggest telecoms operator Telstra has indicated it is considering Bitcoin as a future payment method. Head of the company’s digital operations Monty Hamilton made the comments at a global technology conference in Texas in March, Herald Sun reports. Telstra, he said, is keen to keep in touch with consumer trends with the company having integrated PayPal for payment in 2013. “If we see demand from customers these are things we will actively consider,” he stated, adding that “The scale of our customer base is representative of society —....
Related News
Recent news reported the constant increase of developers in some renowned digital currencies, especially Ethereum. The effect has increased the Web3 community strength and is looking to maintain this course in the long run. The news cited that the growth is a function of the participation of developers in the major ecosystems. According to the information from Telstra Ventures, the major digital currencies involved here are Bitcoin, Ethereum, and Solana. Telstra Ventures is a known investing arm of telecommunication in Australia. Related Reading: Has Bitcoin Price Found Support At A....
Australia’s so-called “Big Four” banks will be closely monitored for any attempts to purchase Fintech or blockchain-based startups by the country’s competition regulator. The Australian Competition and Consumer Commission (ACCC) will scrutinize any dealings or attempts by Australia’s biggest banks to swallow Fintech companies developing technologies like blockchain solutions in the financial sector, revealed the body’s chairman Rod Sims. As has been the predominant narrative for well over a year now, the Fintech revolution is seen as the banking industry’s biggest disruptive threat.....
Telecommunications provider Perseus Telecom will be accepting payments in bitcoin, according to various reports making their rounds on the web today. "Bitcoin is a valuable digital asset and form of payment," said Dr. Jock Percy, the company's CEO. Perseus Telecom's interest in bitcoin reportedly came about when online gaming services that utilize the company's bandwidth had requested to pay in bitcoin. "They reached out to us and a couple of them said, 'we would like to pay in bitcoin because it's the currency of our user base,'" said Dr. Percy. The telecom is working with GoCoin to make....
While several companies are trying to bring Bitcoin to mobile payment systems, one of the world’s biggest telecom providers has plans to invest in Silicon Valley’s Bitcoin startups. Orange SA, France’s leading telecom provider, and worldwide brand name, has grown fond of the technology powering digital currencies and wants to see how it can benefit its products in the future. Early Adopter Phase For Blockchain Technology. One of the things you have to admire is that a major brand such as Orange SA is looking past the Bitcoin’s volatile price and is focusing on the important bit. Many....
Telecom wars have heated up in India, with Vodafone investing $7.2 Bn in its India unit. This is a direct challenge to Mukesh Ambani, the richest Indian, who launched Reliance Jio earlier this month. Vodafone India's Plans. Vodafone has announced the investment ~$7.2 Bn in its India unit, to bolster its finances. Vodafone India is expected to use these funds to expand its network and bid for spectrum in an upcoming auction. This equity infusion represents India's largest FDI (Foreign Direct Investment) inflow till date. Beneficiaries of a Telecoms War. The biggest beneficiaries of a war....