AT&T will be accepting Bitcoin through BitPay, which is an online payment solution for cryptocurrency companies. With BitPay, customers and businesses can accept crypto assets as payments and convert them to fiat.
It’s unknown whether or not AT&T will hold Bitcoin, or choose to convert it into fiat. We know so far that the Bitcoin payments will be accepted only within the AT&T app, and not in their stores. Since the global adoption of Bitcoin is already here, there is no doubt that they will be accepting Bitcoin in their stores in the near future.
This news is actually quite huge, we will most likely be seeing more major companies accepting cryptocurrencies soon.
McDorman, Communications Finance Business Operations 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.”
What’s the rush on accepting Bitcoin, after all, many big names accused it of being a “scam”
Companies like NewEgg, Microsoft, Overstock, and so on, are now accepting Bitcoin payments if you didn’t already know. Think about having a wallet, however, you can’t use it. Having a crypto-payment option on checkouts allows you to use it. I think we’ve all been through similar situations. Since the number of crypto holders increases, big companies choose to implement payment systems like BitPay or even accept BTC directly, some may even keep the BTC they received.
Besides crypto payments, we’ve even seen big companies that actually use blockchain products or services.
I believe they finally realized blockchain’s potential, and I am convinced that we will see more big companies accepting Bitcoin and other cryptocurrencies as payment options.