[2019-05-23]US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay

[Vladdirescu87]

United States telecom and media giant AT&T now accepting cryptocurrency for paying phone bills online, according to an official press release on May 23. AT&T will process bills paid in cryptocurrency using crypto payments platform BitPay.

BitPay is a platform that converts cryptocurrencies to fiat and is used by over 20,000 businesses. AT&T is reportedly the first United States-based business in the wireless network industry to offer bill payments with BitPay.

https://cointelegraph.com/news/us-telecoms-giant-att-now-accepting-crypto-payments-via-bitpay

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[CryptoBry]

This is one of the latest big good news for bitcoin that crossed the crypto-related and mainstream media and I am sure that soon this can also open up more merchants big and small to adopt cryptocurrency. We are just hoping that more and more customers will be using this option in paying their bills with the company. An encouraging results can be the envy of its competitors so they can also adopt it. We want more good news like this.

[davis196]

That's probably because the BTC price went up.
Let's just see what will happen if the price crashes.AT&T will most likely cancel all crypto payments.

[CryptoBry]

That's probably because the BTC price went up. Let's just see what will happen if the price crashes.AT&T will most likely cancel all crypto payments.

This is the reason why they partnered with BitPay to insulate the company with the well-known bitcoin volatility. Now, when bitcoin can go down, the reason if AT&T will cancel the bitcoin option can be because no one is anymore using bitcoin to pay their bills. But the same thing can happen months from now if they realize that their expectation of the volume of transactions coming from bitcoin is disappointing. Let's keep our fingers crossed that this experiment can come with flying colors so that other merchants can also be following the move of AT&T.