AT&T now accepting Crypto payments via BitPay

According to an official press release on May 23, U.S. Telecom giant, AT&T, is now accepting cryptocurrency as online payment for phone bills. The bills paid using cryptocurrency will be processed by AT&T using the crypto payments platform, BitPay.

BitPay is a platform that lets its users convert cryptocurrency to fiat and is used by over 20,000 businesses. According to reports, AT&T is the first U.S.-based business in the wireless networks industry that offers bill payments in conjunction with BitPay.

The vice president of AT&T Communications Finance Business Operations, Kevin McDorman 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.”

AT&T announced, near the end of 2018, that it was working on a suite of blockchain solutions that are compatible with Microsoft Azure and IBM’s blockchain platform. The suite’s aim is to provide “additional transparency and accountability to even the most complex supply chains” for institutional customers in fields such as manufacturing, retail, and healthcare.

A patent application was also filed by AT&T, published by the U.S. Patent and Trademark Office  in December, for a blockchain-based “social media history map” that would allow a network like AT&T to gather the social media ‘transaction’ data of its customers. As per the application,

“The social media history map platforms described herein may take advantage of the immutable and permanent nature of blockchain records to store, and provide access to, data representing online transactions that occur on multiple social media applications.”

This article was originally sourced from CoinTelegraph.

 


About Bank Of Hodlers

Bank of Hodlers is building a customer-centric bank on the blockchain, by providing financial services like cryptocurrency-backed loans and cryptocurrency-backed cards.

We have recently launched our asset-backed lending product where you can earn interest on your BTC, ETH, TUSD and DAI. You also have the option to borrow DAI against Ethereum. You can sign up to the platform by clicking here: app.bankofhodlers.com/register.

 

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