AT&T is First Carrier to Accept Cryptocurrency Payments

Sunday, 26 May, 2019

In the first of its kind, telecom company At&T, introduces cryptocurrency payment as an option in the United States of America. Due to BitPay integration, the company now accepts payments in Bitcoin (BTC) and Bitcoin Cash (BCH). It should be noted that the new AT&T Bitcoin payment method does not extend to purchases of handsets and other telecommunication devices, and the option only works online, not in storefronts.

"We're always looking for ways to improve and expand our services", said AT&T executive Kevin McDorman.

AT&T customers can now use the BitPay platform to pay their online bills with cryptocurrencies held in their crypto-wallets. The customers just have to log in the AT&T system and choose Bitpay as a way of payment. The firm started off as the Southwestern Bell Telephone Company in 1880, and since it rebranded to AT&T the corporation has been the second largest mobile service in the USA and the number one landline provider as well for quite some time.

Adoption by AT&T is a huge deal for the crypto verse, even if it's indirect and through a third-party. It's based in Dallas, Texas.

World's largest telecommunication company, AT&T, has recently declared that they will accept payment in cryptocurrencies.

The crypto market recovered on Friday mid-day in Asia with most major cryptocurrencies trading higher.

AT&T has also looked to harness the power of blockchain.

An AT&T spokesperson added that this new move would help provide better services to customers.

One of the most essential things, Crypto acceptance is increased after the agreement between crypto exchange Gemini and payments-startup known as Flexa. Granted, only two assets will be accepted at the beginning, as described before. Starbucks also allows for buying coffee with coins. This is undoubtedly a piece of substantial good information for the crypto industry.