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If you are an AT & T mobile customer and you have some extra bitcoins that you do not have, you can now use it to pay your phone bill.
AT & T has just become the first major US mobile operator to announce that its customers can now use cryptocurrency to make their payments, a greater acceptance of this means of digital exchange that can be seen in companies going from AT & T to the cable provider, Dish, which also allows via cryptocurrency. Similarly, Facebook made headline news on Friday stating that it was going to launch its own cryptocurrency for use on the social network early next year.
In terms of AT & T's move, all that customers need to do is select the BitPay option at MyAT & T. BitPay is a bitcoin payment service provider based in Atlanta. It should also be noted that this is an option that currently only works online and via the myAT & T app, so it is not yet available for in-store payments.
"We are always looking for ways to improve and expand our services," said Kevin McDorman, Vice President, Corporate Finance Operations, AT & T Communications, in a release on the new payment option. "We have customers who use cryptocurrency, and we are happy to be able to offer them a way to pay their bills with the method of their choice."
There are of course a multitude of different cryptocurrency options, and the AT & T announcement does not specify any particular type. The BitPay website, however, indicates that the currencies it supports include Bitcoin, Gemini USD and Paxos.
As of now, it is safe to assume that encrypted payments will likely remain a small minority of AT & T's customer payment mix in the near future. This is thanks to everything from the lack of public awareness to digital, to obstacles such as its costs and high volatility, the latter two criticisms being the most common.
Nevertheless, expect to hear new announcements of this type as companies continue to experiment. Just a few weeks ago, for example, retailers like Whole Foods and GameStop also announced their intention to embark on the act, also accepting cryptocurrency via the Flexa payment network.
Image Source: Justin Lane / EPA / Shutterstock
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