US Telecoms Giant AT&T Now Accepting Crypto Payments via BitPay
Max Boddy's original article for cointelegraph.com reduced by 52%
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. Kevin McDorman, vice president of AT&T Communications Finance Business Operations, said, "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." Near the end of 2018, AT&T announced that it was working on a suite of blockchain solutions compatible with Microsoft Azure and the IBM Blockchain Platform. AT&T also filed a patent application - which was published by the U.S.
Patent and Trademark Office in December - for a blockchain-based "Social media history map" that would allow a network such as AT&T to gather its subscribers' social media "Transaction" data.
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