AT&T, a United States media and telecom giant, has become the first mobile carrier to accept cryptocurrency for phone bills payments, the company announced in a press release on 23 May.
According to the announcement, AT&T has partnered up with crypto payment platform BitPay in order to provide its customers with the opportunity to pay their bills with crypto. As of now, the crypto option has not been extended to the company’s other services, such as device purchases. Kevin McDorman, vice president of AT&T, said in the announcement:
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.
BitPay has been around since 2011, and is one of the largest platforms that convert cryptocurrencies to fiat, with a user base of over 20,000 businesses. With this partnership AT&T has reportedly become the first U.S. business in the wireless network sector to accept payments through BitPay.
This is not the first time the telecommunications giant has delved in blockchain technology and cryptocurrencies. Towards the end of 2018, it announced that it has started working on a suite of blockchain solutions that would provide additional transparency and accountability “to even the most complex supply chains” for customers in fields such as healthcare, retail, and manufacturing.