By : AT&T that it is accepting crypto payments through , which supports a number of major cryptocurrencies. A short press release notes that the integration is complete and users can make payments with Bitpay via the website or through the mobile app.
AT&T is the First Mobile Carrier to Accept Payment in Cryptocurrency: Customers Can Now Use BitPay to Pay Online Bills
— BitPay (@BitPay)
2019: Year of Major Companies Accepting Crypto
AT&T Vice President of Communications Finance Business Operations Kevin McDorman stated:
“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 news follows a recent spate of incidents in which AT&T (and other) customers lost crypto as a result of customer service representatives being tricked into allowing the reassignment of SIMs belonging to people known to hold crypto. SIM-jacking is a weak point in crypto security models that use SMS-based two-factor authentication.
One of these incidents led to and a $75 million . The case against AT&T is ongoing.
AT&T just announced that they will now accept bitcoin for bill payments.
There are only 21 million.
Everyone is trying to accumulate bitcoin 🔥
— Pomp 🌪 (@APompliano)
AT&T is one of many major U.S. companies to obtain a blockchain-based patent. Their patent is related to “mapping” social media , potentially creating an immutable record of social media activity, for advertising purposes.
AT&T: First Major U.S. Telecom to Accept Crypto
Another AT&T patent involves .
The giant also has a suite of enterprise blockchain services, joining IBM and other major old-world technology companies that .
AT&T is the first major telecom company in the U.S. to accept cryptocurrency. The trend of 2019 seems to be major companies accepting cryptocurrency, with recently joining the party. Starbucks is also accepting crypto now, .
Major retailers such as Overstock.com have long accepted cryptocurrency and even supported the industry very vocally.
Around the world, telecom companies have long been invested in blockchain. South Korea’s KT Corp has an , while IBM is trying to get Indian telecoms to use blockchain for .
Major companies have announced crypto acceptance only to turn it off later on. These include sites like Expedia and Rakuten. Rakuten recently partnered with a blockchain company in China that uses the blockchain to verify the goods sold are veritably Japanese and not fake.
Virtually anyone can pay their phone bills with crypto using Bitrefill, one of the older companies in the blockchain space that and others.
Published at Fri, 24 May 2019 00:20:59 +0000
