After Starbucks, Nike and Facebook, AT&T is the next major mainstream to venture into cryptocurrency. The mobile phone provider announced yesterday that its customers can pay their phone bills with cryptocurrency. To effect these payments, AT&T has entered into a partnership with cryptocurrency payment provider BitBay.
AT&T is the First Mobile Carrier to Accept Payment in Cryptocurrency: Customers Can Now Use BitPay to Pay Online Bills https://t.co/ErPtng2ELz
– BitPay (@BitPay) May 23, 2019
The American cell phone provider will not have any cryptocurrencies under its control, because BitBay will receive the crypto payments and convert them to fiat money before AT&T receives the payments.
With this development, AT&T is the first major US mobile phone provider to offer a cryptocurrency payment option. Kevin McDorman, Vice President of Communications Finance Business Operations at AT&T said the following about the upgrade:
We are always looking for ways to improve and expand our services and we have customers who use cryptocurrency. We are pleased that we can offer them an option to settle accounts with the payment method they want to use.
Although there are more large American companies that now accept bitcoin through a third party, the brand awareness and market share of AT&T ensure that this is seen as very positive news for the cryptocurrency sector.
Yet not everyone is crazy about it. For example, a tweet from Anthony Pompliano, co-founder of Morgan Creek Digital, receives quite some criticism.
AT&T just announced that they will now accept Bitcoin for bill payments.
There are only 21 million.
Everyone is trying to accumulate Bitcoin
– Pump (@APompliano) May 23, 2019