{"id":10708,"date":"2021-08-09T13:54:04","date_gmt":"2021-08-09T13:54:04","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/europes-largest-telecom-provider-chooses-to-leverage-coinbase-custody-to-stake-celo-tokens\/"},"modified":"2021-08-09T13:54:04","modified_gmt":"2021-08-09T13:54:04","slug":"europes-largest-telecom-provider-chooses-to-leverage-coinbase-custody-to-stake-celo-tokens","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/europes-largest-telecom-provider-chooses-to-leverage-coinbase-custody-to-stake-celo-tokens\/","title":{"rendered":"Europe\u2019s Largest Telecom Provider Chooses to Leverage Coinbase Custody to Stake CELO Tokens"},"content":{"rendered":"<p><strong>The largest telecommunications provider in Europe, Deutsche Telekom AG, announced on Monday that it will be leveraging Coinbase Custody to hold the firm\u2019s celo tokens. Celo is a mobile-first platform that connects to decentralized apps, is EVM compatible, and the network allows holders to stake the crypto asset. While keeping the celo tokens with Coinbase Custody, Deutsche Telekom will stake the tokens for its subsidiary T-Systems MMS. <\/strong><\/p>\n<h2>Deutsche Telekom Plans to Secure Celo Tokens With Coinbase Custody<\/h2>\n<p>Deutsche Telekom AG, the owner of mobile communications brand T-Mobile, has revealed the firm is participating in the decentralized cryptocurrency economy. The major telecom company is the largest in Europe since it was introduced in 1995, after breaking away from the state-owned Deutsche Bundespost in order to become privatized.<\/p>\n<p>Deutsche Telekom has since managed to become a Fortune 500 company and is currently ranked in the top 100 firms. On Monday, the firm revealed it was utilizing Coinbase Custody to stake the firm\u2019s celo holdings.<\/p>\n<p>Deutsche Telekom revealed it was participating with the Celo network on April 20, 2021, and the firm disclosed it was providing \u201cinfrastructure for the Celo network.\u201d At the time, the CEO of T-Systems, Adel Al-Saleh, explained the move is a calculated procedure to move toward blockchain tech.<\/p>\n<p>\u201cOur investment in Celo, combined with infrastructure operated by T-Systems, allows our company to take a strategic approach to participating in a public blockchain network,\u201d Al-Saleh explained at the time.<\/p>\n<p><!-- growjs zone placement 31 -->    <!-- end of growjs zone placement --> <\/p>\n<p>The announcement on Monday details that Deutsche Telekom has entrusted the firm\u2019s celo tokens to Coinbase Custody. The telecom firm said that Coinbase\u2019s services provide \u201csafety and security\u201d and the firm\u2019s \u201ccold storage function was a major factor in Deutsche Telekom\u2019s decision to place its CELO tokens with the custodian.\u201d<\/p>\n<p>The head of institutional sales EMEA at Coinbase, Guillaume Chatain, explained the firm is pleased Deutsche Telekom chose them to custody the token assets.<\/p>\n<p>\u201cWe\u2019re delighted that Deutsche Telekom, Europe\u2019s largest telecommunications provider, picked us as custodian for its CELO tokens. CELO tokens, CUSD and CEUR will play a vital role in revolutionising mobile payments, helping to build a fairer, more accessible and transparent financial system,\u201d Chatain concluded during the announcement.<\/p>\n<p><em><strong>What do you think about Deutsche Telekom using Coinbase Custody to secure the company\u2019s celo tokens? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n<p>Bitcoin News<br \/>\nBlockchain, Adel Al-Saleh, celo, CELO Network, Celo Tokens, CEO of T-Systems, Coinbase, coinbase custody, crypto assets, custody, custody solution, Deutsche Telekom, Deutsche Telekom AG, Fortune 500, Guillaume Chatain, staking, Staking CELO, T-Systems, Telecom, Telecom Company<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The largest telecommunications provider in Europe, Deutsche Telekom AG, announced on Monday that it will be leveraging Coinbase Custody to hold the firm\u2019s celo tokens. Celo is a mobile-first platform that connects to decentralized apps, is EVM compatible, and the network allows holders to stake the crypto asset. While keeping the celo tokens with Coinbase&hellip;<\/p>\n","protected":false},"author":0,"featured_media":10709,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10708"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10708"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10709"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}