T-Mobile Parent Lends Support to Ethereum

T-Mobile Parent Lends Support to Ethereum

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Jonathan
Jonathan

An editor at Coincrop


04 Oct 2022 | 2 min read
12,885 views

D

eutsche Telekom, the parent company of T-Mobile is supporting Ethereum’s transition from proof-of-work to proof-of stake by running validator nodes through its subsidiary T-Systems MMS, as stated in a new press release.

T-Systems MMS is partnering with StakeWise to provide staking pools for ETH holders who want to retain their tokens without having to operate validator nodes.

T-Systems MMS provides and operates these validator nodes as infrastructure. The owner's staked Ether tokens remain accessible – liquid – and can be used in other decentralized finance (DeFi) applications.

T-Systems MMS will also contribute to the StakeWise decentralized autonomous organization (DAO). Dirk Röder, head of blockchain solutions center at T-Systems MMS, explains that integrating Ethereum into the T-Systems platform makes it the fourth crypto asset supported by the firm.

 


Jonathan

Jonathan

An editor at Coincrop
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Jonathan is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely sailing.


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