Telecom giant AT&T accepts Bitcoin payments

May 24, 2019, | AtoZ MarketsThe US Telecom giant AT&T has recently enabled its customers to pay their bills in the form of crypto through Bitpay a global bitcoin payment service provider. For payments, one of the major U.S. mobile and landline carriers will allegedly start accepting Bitcoin Cash (BCH) and Bitcoin (BTC).

AT&T accepts Bitcoin payments via Bitpay service

In one of his recent interviews, AT&T spokesperson outlined that AT&T accepts Bitcoin payments to provide its customer with better service. The firm’s official stated: 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.”

The vice president of the telecom company Kevin Mcdorman emphasized the importance of giving their clients more payment options to” improve and expand their services. The vice president concluded by saying, that the company is happy to offer its customers who use cryptocurrency “a way to pay their bills with the method they prefer.”

How does the new AT&T payment option work?

AT&T provides different communications services to U.S.- based consumers and nearly 3 million companies globally. Revenues from these services totaled more than $144 billion in 2018. The company’s customer base is significantly big, which makes the firm #9 in the U.S. Fortune 500 rankings based on total revenue.

At the moment the option is not available at AT&T stores and cryptos cannot be used to purchase mobile devices or products. The partnership with Bitpay works with the telecom company’s bill pay services.

According to the company’s announcement, customers can use the AT&T online platform when they log on to their accounts online. After selecting Bitbay as a payment option, the users will get access to the Bitbay invoice portal. The AT&T clients, afterward, will be offered to select BCH or BTC in order to pay their bills.

BitBay was founded in 2011. It is the largest bitcoin payment processor in the world, serving industry-leading merchants on six continents. AT&T has a deeper history. The firm started off as the Southwestern Bell Telephone Company in 1880 and rebranded to AT&T. For a certain period of time, the corporation has been the second largest mobile service in the U.S. and the number one landline provider.

Could such collaboration between the modern crypto company and the corporation with a long history be considered as a sign that society eventually accepted crypto as an alternative payment asset?

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