Cryptocurrencies have been gaining significant interest from traditional investors and mainstream companies in recent months. Lately, eBay decided to accept Bitcoin as a means of payment after Amazon made a similar announcement. Following a Press release put out today, AT&T now accepts Bitcoin and other cryptocurrencies.
This makes the company the first of its kind to accept payments in cryptocurrencies.
“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 a method they prefer” Said Kevin McDorman, AT&T’s vice president of communications finance and business operations.
AT&T now accepts Bitcoin and other cryptocurrencies via Bitpay
This latest development from AT&T is made possible thanks to Bitpay, a cryptocurrency payment processing company.
The company currently has thousands of mainstream companies that it offers its services to from Microsoft to Shopify and Virgin. Founded in 2011, Bitpay is an opensource source platform aimed at powering the next applications of Bitcoin.
As AT&T now accepts Bitcoin and other cryptocurrencies, many investors and fans of digital currencies will receive this as positive news given the fact that not only could such positive developments lead to a price increase, it also means Bitcoin is a step closer to mass adoption.
Bitcoin currently trades just under $8,000 after gaining over $3,500 in the past 3 weeks following a mini bull run the coin took. Other cryptocurrencies like Ethereum also followed the run but now Bitcoin seems to be consolidating at around $7,800.
It is also rumoured that Facebook is currently working on releasing its own cryptocurrency while it is now possible to use an external bot to send cryptocurrencies via WhatsApp, a Facebook-owned company.
As AT&T now accepts Bitcoin and other cryptocurrencies, do you think we will be seeing other major companies follow suit?
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