Telefónica, Spain's leading telecom operator, is collaborating with Chainlink to bolster security against SIM swaps and Web3 threats.

The partnership involves integrating Chainlink's decentralized Oracle network with the GSMA Open Gateway API to safeguard Web3 applications.

Telefónica has embraced Web3 by allowing Bitcoin and Ether payments on its Tu marketplace and partnering with Nova Labs for blockchain-based infrastructure improvements in Mexico.

The initiatives indicate Telefónica's proactive approach in adopting Web3 technologies and enhancing user protection against cyber risks.