AT&T gives its customers more options as they can now choose Bitpay as a payment method and use Bitcoin (BTC) to pay for their bills online.
AT&T becomes the first major US mobile carrier to accept crypto assets for online bill payments.
The telecommunication giant now welcomes users to pay in Bitcoin (BTC) using the cryptocurrency payment processor BitPay. Users can pay in BTC by logging in to their accounts on the AT&T website or with the myAT&T app and selecting Bitpay as the payment option.
AT&T is the First Mobile Carrier to Accept Payment in Cryptocurrency: Customers Can Now Use BitPay to Pay Online Bills https://t.co/ErPtng2ELz
— BitPay (@BitPay) May 23, 2019
This payment option, however, is currently limited to online bill payments. No word yet from AT&T if this payment options will also be available for purchasing smartphones and other accessories in AT&T online and brick-and-mortar stores.
Kevin McDorman, AT&T Vice President of Communications Finance Business Operations, said:
“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 the method they prefer.”
AT&T becomes the latest US company to accept crypto assets, following Whole Foods, GameStop, and Nordstrom. It also joins multinational companies like Microsoft, Overstock, and Shopify that have earlier accepted cryptocurrency payments.
While news of AT&T’s acceptance of crypto assets is a step forward for cryptocurrency supporters and enthusiasts, some see the move as a half-baked form of crypto adoption.
Critics reason that AT&T will still receive payments in US dollars as Bitpay will convert BTC to USD. A better form of crypto adoption, to them, is for major companies to directly accept Bitcoin and other crypto assets, wallet to wallet.