- 24 May 2019
- Posted by: admincryptovalues World News
- US-based mobile users can now use bitcoin and cryptocurrency to pay their bill thanks to a new partnership between AT&T and BitPay.
AT&T WILL TAKE YOUR BITCOIN
Bitcoin’s path to mass adoption continues forward as major US telecom giant AT&T has announced that customers now have the option to pay their bills in cryptocurrency.
The addition of crypto payments makes AT&T the first major U.S. mobile carrier to offer this option and Kevin McDorman, AT&T’s vice president of Communications Finance Business Operations said:
We’re always looking for ways to improve and expand our services [and] we have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.
Currently, the crypto payments are limited to bill payment only and AT&T did not specify whether customers would be able to purchase smartphones and other accessories online or in AT&T’s brick and mortar stores.
Customers interested in making crypto payments can simply select BitPay as the payment option when they login to their accounts online or through the myAT&T app.
WILL CORPORATIONS FOMO INTO CRYPTOCURRENCY?
AT&T is not the first major US-based corporation to accept cryptocurrency payments as Overstock, Expedia, Subway, Shopify, and Microsoft are just a few of the major multinational corporations accepting crypto payments.
Just recently, Whole Foods and a slew of other big-name retailers have also started accepting bitcoin via another third-party payment partnership.
But considering AT&T’s name recognition and dominance in the telecom sector the announcement is sure to make waves and is extremely positive news for the cryptocurrency sector.
As one would expect, not everyone is over-the-moon about the telecom’s new found love for cryptocurrency. Morgan Creek Digital co-founder Anthony Pompliano excitedly tweeted the news and is currently being bombarded by an array of semi-skeptical replies to AT&T’s announcement.
EUSTACE CRYPTUS | MAY 23, 2019 | 14:30