Cointelegraph by Josh O'Sullivan
2024-06-15 09:04:46
cointelegraph.com
T-Mobile Deutsche Telekom announced that it intends to start mining Bitcoin (BTC), expanding upon its ongoing crypto-based activities.
The telecommunications firm has been operating a Bitcoin node since 2023 and is currently running Bitcoin Lightning Network nodes.
Speaking at BTC Prague, Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, said:
“Since 2023, we are running a Bitcoin node, and we are running Bitcoin Lightning nodes as well […] I like to let you in on a little secret we will engage in digital monetary photosynthesis soon.”
Former Cointelegraph contributor Joseph Hall asked Röder if he could elaborate on the meaning of “digital monetary photosynthesis,”
“We will.”
T-Mobile already Web3 native
The firm has been actively involved in Web3 as a Polygon validator since June 2023, establishing its position to leverage its extensive infrastructure and secure new revenue streams.
Related: Germany’s Deutsche Telekom plugs in as Polygon validator
As one of 100 validators, Deutsche Telekom has provided staking and validation services on Polygon for over a year and helped support the platform’s proof-of-stake consensus mechanism.
Related: AI tokens rally amid Nvidia’s breakout earnings
Fetch.ai validator since February
In February, Fetch.ai, a decentralized artificial intelligence (AI) platform, partnered with Deutsche Telekom to establish enterprise AI.
As a validator on the Fetch.ai blockchain, the telecommunications firm helps to support Fetch.ai’s AI-driven autonomous agents.
These autonomous agents provide services in healthcare, automotive, supply chain management and digital identities by managing resources, conducting transactions and analyzing traffic flows.
Related: Fetch.ai announces GPU rewards for tokenholders after $100M infrastructure investment
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