In the latest developments in the crypto sphere, telecommunications giant Telefónica has joined the Helium Network, signaling a significant step towards the mainstream adoption of blockchain technology. Additionally, the Bank for International Settlements (BIS) has set its sights on tokenization, highlighting the growing interest in digital assets among traditional financial institutions.

Telefónica's participation in the Helium Network underscores the expanding use cases for blockchain beyond cryptocurrencies, with the network facilitating decentralized wireless coverage and IoT connectivity. Meanwhile, the BIS's exploration of tokenization reflects a broader shift towards digitalization in the financial sector, with central banks and regulators exploring the potential of blockchain-based assets.

These developments underscore the increasing convergence of traditional industries and blockchain technology, paving the way for innovative solutions and new opportunities in the crypto ecosystem.

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source: Cointelegraph