German telecommunications giant Deutsche Telekom has recently announced its partnership with the XDC Network, a blockchain platform focused on tokenized real-world assets, trade finance, and decentralized physical infrastructure. This move signifies a significant step in the company’s digital asset expansion strategy.
Deutsche Telekom’s subsidiary, Deutsche Telekom MMS, which specializes in cloud and internet infrastructure, will be joining the XDC Network as an infrastructure provider. They will be operating a backup master node, which becomes active when the number of validator masternodes falls below the required threshold of 108.
Dirk Röder, the head of Deutsche Telekom MMS’s web3 business, stated, “This addition leverages our enterprise-grade infrastructure to enable secure blockchain-based applications, with a particular focus on the financial sector.” This announcement comes on the heels of Deutsche Telekom’s increasing involvement in the blockchain space, including mining Bitcoin and operating validators on various proof-of-stake blockchains like Ethereum, Polygon, and Polkadot.
In addition to these services, Deutsche Telekom also offers a staking service that allows customers to deposit tokens and earn rewards for maintaining the network. It is important to note that this is not investment advice. For those interested in investing in cryptocurrencies, Binance exchange offers a 20% commission discount for new registrants.
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