Orange see currency in bitcoin
French telco Orange is looking to move into digital currency by investing in bitcoin start-ups over the next few months. Its Orange Silicon Valley subsidiary has been running bitcoin events at its San Francisco offices and it is already in talks with two bitcoin outfits. OSV has enough cash to pump in $20,000 per firm. “There’s something intriguing in this technology, so we want to be there as early as possible,” Georges Nahon, CEO of OSV, told Bloomberg. “This could be a digital platform of the future.”
He added, “even though we have a large internal R&D organisation, given the pace of innovation we need to compliment our own initiatives and projects with what the outside world is doing.”
The company recently unveiled its Essentials2020 five-year programme to help customers discover the latest digital trends ‘at the cutting-edge of innovation’ and is looking to support 500 start-ups worldwide by 2020 through various initiatives.
Orange has also tagged the Internet of Things as opening up a number of business and positioning opportunities, saying it wants to be present across the entire value chain, via the distribution of connected objects, the supply of services that add value to those objects, particularly in the health and wellbeing field or in the connected home field, and the management of data related to connected objects.