Deutsche Telekom invests in mobile DeFi platform Celo

Cointelegraph

Published Apr 20, 2021 04:09AM ET

Updated Apr 20, 2021 05:40AM ET

Deutsche Telekom (OTC:DTEGY), one of the largest telecom providers in Europe, has invested in blockchain payments platform Celo to support the development of decentralized finance.

The telecom giant has made a “significant purchase” of Celo’s native token CELO through its strategic investment fund, the Telekom Innovation Pool (NASDAQ:POOL), Celo announced Tuesday. The firm did not specify the size of the investment.

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