By The U.S.’s second largest mobile carrier and one of the world’s most successful in terms of profits recently announced the integration of Bitcoin (BTC) and Bitcoin Cash (BCH) payments. AT & T has joined forces with BitPay a crypto payments processor to provide settlements.
Kevin McDorman, Vice President at AT&T Communications Finance Business Operations, stated:
“We’re always looking for ways to improve and expand our services. 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.”
The mobile network’s new BTC and BCH payment options are currently only available for online bill settlements. At this stage, customers can’t use the cryptocurrencies for in-store purchases or to buy phones.
All customers need to do is select the BitPay option at MyAT&T to settle their bills with bitcoin or bitcoin cash.
Other major retailers have also begun accepting cryptocurrency as payments, including Nordstrom, a U.S. fashion chain, gaming store GameStop and Whole Foods. Whole Foods announcement about accepting cryptocurrency had many excited as it is owned by Amazon. The speculation in the crypto community surrounding the possibility of Amazon accepting bitcoin next is rife.
The current surge of U.S. retailers implementing crypto payment options has been made possible by a deal between Gemini and Flexa – a crypto payments startup. Users can make payments with cryptocurrencies through the use of an app called Spedn. Furthermore, merchants themselves need not deal with the crypto funds as the app conveniently converts the crypto funds to fiat upon payment.
AT&T joined a growing list of retailers in the States who have started accepting crypto as a payment method yesterday when it made the announcement via a blog post yesterday. At the time of press, AT&T declined to provide any further details.
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