American telecoms giant, AT&T, has just approved the use of Bitcoin for payments.
The telecoms giant said its customers can now pay for its products and services.
The company said customers who wants to pay using cryptocurrencies can log into their accounts and select Bitpay as a payment option. This allows clients to access the Bitpay invoice portal, where they can select BCH or BTC in order to pay their bills.
AT&T decided to partner with Bitpay and accept BCH and BTC because the firm wants to offer payment alternatives to better serve its customers. The vice president of AT&T’s communications finance business operations, Kevin Mcdorman, is thrilled to give clients more payment options. “We’re always looking for ways to improve and expand our services,” Mcdorman detailed during the announcement. The vice president also stated:
“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.”
“Wow, it’s been a while since we’ve heard of a major company start accepting cryptocurrency payments in a context that isn’t through some third party passthrough like Flexa — And this means they accept BCH — Way to go AT&T,” one of the r/btc moderators remarked.
The news is a major boost to the American and global digital currency community because of the sheer size of AT&T and its large customer base.
With the news, AT&T will be the largest telecoms company in the world to allow payments in cryptocurrencies.