ATT to Accept Cryptopayments via BitPay
Mobile operator AT&T and payment service BitPay have partnered to facilitate cryptopayments. Individuals will now be able to pay for their AT&T bills with their cryptos on AT&T’s website or myAT&T app.
BitPay is a platform that offers cryptocurrency to fiat conversion, providing its services to more than 20,000 businesses globally. As an online payment service, BitPay provides businesses with Bitcoin and Bitcoin Cash payment processing solutions.
BitPay’s website is listing the supported currencies, and includes Bitcoin, Bitcoin Cash, Gemini USD, Paxos, and Circle’s US Dollar Coin.
AT&T’s announcement follows another one on May 13, where cryptopayment system Flexa announced that it would facilitate cryptopayments at Whole Foods, Nordstrom and GameStop.
At the moment, cryptopayments will only be accepted for online bill payments, according to AT&T’s press release. As Kevin McDorman, vice president at AT&T said, “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.”
An AT&T spokesperson said to Coindesk: “BitPay provides payment processing services for merchants and is one of the largest bitcoin payment processors in the world. Our customers are on this platform and we are always looking for different ways to better serve our customers.”
It is interesting to see more and more firms testing and offering cryptopayments to their clients. As many early crypto enthusiasts have purported since the beginning, cryptos were made to be used in everyday transactions, and this is realized slowly day by day, as a growing number of mainstream institutions are exploring their potential in everyday scenarios.
Sources: BitPay, Coindesk