Taiwanese telecom giant in talks to offer crypto trading to users TaiwanMobile China Web3
- Taiwan Mobile Co., the second-largest telecommunications company in Taiwan, is reportedly in talks with local crypto platforms to explore the possibility of collaborating to offer crypto trading to its users, which includes a potential investment in one of the businesses.
Wayne Huang, co-founder of XREX – a platform that describes itself as a blockchain-enabled financial institution – declined to comment on whether his firm is in discussion with Taiwan Mobile, but said that he expects larger institutions to enter the Web3 sector as it matures and regulatory clarity emerges.
According to Marvin Lo, a senior industry analyst at Bloomberg Intelligence, Taiwan Mobile may be “exploring the possibility of entering the fintech business, like what the Japanese telcos have been doing.”
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