AT&T Inc, the world’s largest telecommunications company based in Dallas, Texas has now made Bitcoin payment available to its more than 150 million subscribers.
Although new transaction research indicates that Bitcoin will still need a decade of adoption and technological development before it can overtake competitors like Paypal, Visa, and Mastercard, multinationals are beginning to take a good look.
The telecommunications giant has become the first of such in the US to accept Bitcoin for payment as the mobile carrier moves with the times. It is a necessary improvement, according to vice president of AT&T Communications Finance Business Operations Kevin McDorman:
“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… We’re always looking for ways to improve and expand our services.”
Merchant acceptance of Bitcoin and other cryptocurrencies as a payment method is increasing monthly with both the Flexa network and its SPEDN app extending payment methods to include crypto among some of the largest brands, including Whole Foods, Lowe’s, and Nordstrom.
The move by Starbucks is well documented, and waiting for a green light, whilst the Lightning Network, Coinbase Commerce and BitPay, are all beginning to attract those wanting an alternative method of payment to Visa and Mastercard.
However, Coinbase has gone with Visa for its UK based clients. The Coinbase card is another move designed to keep its UK based clients happy in a growing competitive market where major exchanges are pushing for new clientele. The card is authorized by Paysafe Financial Services Limited and by powered by customers’ Coinbase account crypto balances.
How long it will be before household bills can be paid using Facebook is anyone’s guess after the announcement that the social media platform plans to launch its own GlobalCoin in 2020.
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