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The US Telecom Giant AT&T Now Allowing Its Users To Pay Phone Bills In Cryptocurrency Through BitPay

BFSI News

Telecom-Giant-ATT-Now-Allowing-Its-Users-To-Pay-Phone-Bills-In-Cryptocurrency-Through-BitPay The US Telecom Giant AT&T Now Allowing Its Users To Pay Phone Bills In Cryptocurrency Through BitPayAT&T, an American telecommunications and media giant, now allowing its users to use cryptocurrency to pay phone bills online as the company officially announced its acceptance of digital currency on Thursday. As per the announcement, the company will process bills paid in cryptocurrency using crypto payments platform BitPay, a platform that converts cryptocurrency to fiat and served their services to over 20,000 businesses. With this move, AT&T is reportedly become the first American business in the wireless network industry to provide bill payments with BitPay.

Vice President of AT&T Communications Finance Business Operations, Kevin McDorman says that “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.” In late 2018, the telecom giant had announced its work towards a suite of blockchain solutions compatible with Microsoft Azure and the IBM Blockchain Platform. With this effort, the company was intended to offer additional transparency and liability to even the most intricate supply chains for institutional customers in areas like manufacturing, retail, and healthcare. In December same year, AT&T had also filed a patent application that was issued by the U.S. Patent and Trademark Office (USPTO) for a blockchain-based social media history map, which would empower a network like AT&T to collect its subscribers’ social media transaction data.

Following 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.” Based in Dallas, TX, AT&T is the world’s largest telecom platform and the second largest mobile telephone services and fixed telephone services provider in the United States.