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Deutsche Telekom’s subsidiary Deutsche Telekom MMS has taken a significant step into the world of cryptocurrency. This new move by the telecom giant marks a strategic expansion in the field of Web3 services. The collaboration with XDC Network highlights Deutsche Telekom’s commitment to adopting Blockchain technology. This step, focusing on tokenized real-world assets (RWA), trade finance, and decentralized physical infrastructure (DePin), represents a notable direction in technological development.
Robust Infrastructure with Backup Masternodes
Deutsche Telekom MMS will operate a backup masternode for the XDC Network. Unlike standard masternodes, backup masternodes do not validate transactions but ensure network continuity when the number of active validator masternodes falls below 108. This feature strengthens Deutsche Telekom’s role on the Blockchain and supports its goal of increasing network reliability.
Dirk Röder, head of the Web3 unit, emphasized that this strategic move will support secure Blockchain-based applications, especially in the financial sector. Röder’s statements at the Bitcoin Prague conference also revealed Deutsche Telekom MMS’s plans to start Bitcoin (BTC) mining.
The company is expanding its experience in Blockchain by managing nodes on the Bitcoin and Lightning networks. Additionally, it serves as a validator and offers staking services on various proof-of-stake-based Blockchains such as Ethereum (ETH), Polygon (MATIC), and Polkadot (DOT).
XDC Network and Strategic Expansion
XDC Network is known as an Ethereum Virtual Machine (EVM) compatible Layer-1 Blockchain. It stands out with high transaction speeds and low gas fees, while also supporting tokenized versions of real-world assets like the Euro, US dollar, gold, and US Treasury bonds.
By joining this network, Deutsche Telekom MMS aims to enhance both infrastructure and reliability. Thus, it promotes broader adoption of Blockchain technology in the financial sector.
This expansion reflects the global interest in Blockchain technologies. Deutsche Telekom is striving to position itself as a significant player in the cryptocurrency field. Additionally, it continues its forward-looking approach to new technologies.
