Crypto Mass Adoption Around The Corner

  • AT&T integrated Bitpay solution to allow cryptocurrencies as a payment option.
  • The company joins the ranks of other corporations that have already enabled crypto payment.

The US-based telecom giant AT&T has started to accept payments in cryptocurrencies via  Bitpay service, according to the press release published by the company. The crypto payment option is already available for AT&T Inc T users through a mobile app or the AT&T website. The customers will see the new option in the myAT&T app or when they log on to their online account

Customers will be able to select BitPay as a payment option when they log on to their accounts online or with the myAT&T app.

Commenting on the news, the AT&T Vice President of Communications Finance Business Operations Kevin McDorman noted:

“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 crypto community interpreted the news as a signal that mass adoption is gaining traction. It is worth noting, that recently Whole Foods, an American supermarket chain which exclusively sells organic food added crypto as a payment option. Starbucks also allows for buying coffee with coins.

Also, recently, BitPay announced a partnership with Avnet, a global leader of electronic components and services. Due to BitPay integration, the company now accepts payments in Bitcoin (BTC) and Bitcoin Cash (BCH).

Image sourced from Pixabay

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsForexGlobalMarketsGeneralBitcoincrypto marketcryptocurrenciesFXStreet
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...