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T-Mobile Owner Deutsche Telekom Unveils Bitcoin and Lightning Network Node Operations

T-Mobile Owner Deutsche Telekom Unveils Bitcoin and Lightning Network Node OperationsThis week at the BTC Prague conference, Deutsche Telekom’s subsidiary T-Systems MMS announced its operation of a Bitcoin node and a Lightning Network node. Deutsche Telekom, Europe’s largest telecommunications provider and the parent company of T-Mobile, also shared plans to mine bitcoin. BTC Prague Conference: T-Mobile Owner Operates a Bitcoin Node, Plans to Mine the […]

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Deutsche Telekom announces Bitcoin mining plans at BTC Prague

Deutsche Telekom’s plans and Web3 expansion follow its recently established position as a validator on Fetch.ai’s decentralized blockchain.

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: 

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Ugandan Bitcoiner dreams of the secular economy: BTC Prague 2023

The Bitcoin community helped Uganda’s Brindon Mwiine travel to BTC Prague after winning tickets for his adoption efforts in East Africa.

A Ugandan Bitcoiner embarked on a community-funded trip from East Africa to Central Europe after winning tickets to BTC Prague for his adoption-driving efforts in his home country.

Brindon Mwiine, the founder of Ugandan-based Bitcoin (BTC) platform Gorilla Sats, set off on a whirlwind journey from Uganda’s capital Kampala to the heart of Europe on the back of a Twitter competition he never thought he would win.

The official BTC Prague Twitter profile called for individuals to share their stories of building circular economies in their respective countries, with tickets to the BTC Prague conference as the prize for the would-be winner.

Mwiine, who hopes to build a budding Bitcoin community among Uganda’s student population, quickly found his pitch garnering plenty of attention from Bitcoin Twitter users across East Africa.

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Speaking to Cointelegraph journalist Joe Hall at BTC Prague, Mwiine explained how his short Twitter pitch paved the road for a trip across the world.

“I saw all my community members come together, not just from Uganda. People from Kenya were voting, people from Tanzania were voting, it was overwhelming.”

Mwiine won the competition, which is when the real work began. What followed was a series of firsts for the Ugandan, who managed to secure flights, visas and arrange other logistics in just three weeks.

“I had to figure out a way to get from Uganda to Prague, and this is where the fun began. I had to create a pitch and a budget, I’d never flown before, never been on a plane, never been in Europe.”

The wider Bitcoin community also came to the party, donating sats to help fund Mwiine’s travels through BTC-based crowdfunding platform Geyser Fund:

“It’s one of the most interesting implementations of Lightning [Network] whereby people can crowdfund for you to do something. Ideally, you make a pitch to the public, and if they find that your project is worth it, they’ll send you some sats.”

With flights and costs checked off the list, Mwiine finally made his way to Europe for what would be his first-ever Bitcoin conference and his first-ever airport experience, which added some stress to the trip when he nearly missed a connecting flight in Dubai but for the help of a fellow Ugandan airport worker.

Attending BTC Prague allowed Mwiine to rub shoulders with Bitcoin community members he’s looked up to in recent years, including BTC proponent Michael Saylor. Perhaps more importantly, Mwiine took some valuable lessons away from his interactions and experiences at different booths at the conference:

“What I’m trying to do back at home is create a circular economy. I’ve learned a lot just by being at the booth of circular economies. What they’re saying is exactly what I need. It’s surreal.”

Uganda’s central bank recently welcomed cryptocurrency businesses operating in the country to participate in its regulatory sandbox. This is set to include consultation with the Blockchain Association of Uganda to help create a framework for the industry in the East African nation.

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Bitcoin payments exec shares adoption challenges in the Philippines

Pouch founder Ethan Rose said that they've managed to convince 400 businesses to accept Bitcoin in the Philippines.

As many developments within the space show how far the Bitcoin (BTC) community has come, an executive from a BTC payment provider shared how in other parts of the world, adoption may still be in its early stages. 

At the BTC Prague event, Cointelegraph reporter Joseph Hall interviewed Ethan Rose, the founder of Pouch, a wallet service that supports the Bitcoin Lightning Network in the Philippines. The duo spoke about the state of adoption in the country and how the Pouch team is trying to introduce Bitcoin to merchants on the island of Boracay, a popular tourist hotspot in the country. 

According to Rose, their team has already managed to onboard around 250 businesses within the island and 400 businesses in the country. Their team is working to promote Bitcoin adoption in the country by offering merchants another way to attract customers.

“They're not really hard sold on Bitcoin. They're not like they haven't decided to spend the rest of their life stacking SATs. Right? So, our pitch is more like a way to just attract new customers to your business over the long term,” Rose said.

Cointelegraph reporter Joseph Hall with Pouch founder Ethan Rose at BTC Prague. Source: Cointelegraph

Apart from this, the executive also shared that there are still some difficulties in introducing Bitcoin to people. He explained: 

“It's hard to orange pill. If you can just like walk up to somebody and convince them to like that Bitcoin is the best money and they just decide on the fly to switch their mental model of what money is, like right there. I would say that's a pretty gullible person.”

In addition to the challenge of introducing Bitcoin to people, the executive also shared that as more businesses start to accept Bitcoin, there are also risks of them not getting any sales from it.

Local eatery in the Philippines accepting Bitcoin. Source: Pouch

“We need more spenders,” he explained. The executive said there’s a risk that businesses would not have a good experience because spenders could get diluted if many stores accept Bitcoin in a single area. 

Related: The Philippines delays publishing crypto framework

In addition, Rose reiterated that it’s crucial for businesses to have a good experience when they accept Bitcoin. The executive explained that merchants could potentially end up just abandoning the endeavor if it doesn’t bear any fruits. “If nobody shows up after a couple of months, they just like, uninstall their wallet,” he added.

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