First major mobile carrier to provide a cryptocurrency payment option to customers

Written by Davies on / Reading time: 3 minutes.

First major mobile carrier to provide a cryptocurrency payment option to customers

AT&T is a multinational company in the United States, as well as one of the largest and most important international mobile carriers. The company announced with a statement on its website that it will allow the use of virtual currencies as a payment option for its services. With this important and marked decision, it will become a mobile carrier pioneer in the payment with cryptocurrencies.


What is AT&T trying to achieve with the decision?

As Kevin McDorman said, vice president, AT&T Communications Finance Business Operations, the company's goal is to find and discover new ways to improve its services to expand later.

Are you an AT&T customer? How about the idea of paying for this phone company's services through cryptocurrencies? Virtual currencies have some valuable characteristics that conventional money cannot offer. You can benefit in many aspects of its use. It augurs that this new world of virtual currencies is the money of the future. The blockchain technology that cryptocurrencies use greatly influences the great success they have, as this technology also has many advantages.


Are cryptocurrencies efficient as a payment method?

They had a difficult beginning, but the social perspective of cryptocurrencies has changed. Over time, technological advances are greater and we need to adapt to them. We are immersed in a new technological age in which some advances such as the development of cryptocurrencies are of great importance. Virtual currencies that are also known as "the new money" or "virtual money". But... are they efficient to use as a payment method?

Yes, they're efficient. Understanding this aspect is essential to know the importance of this new form of payment, because we must be aware of the added value that virtual money offers as an alternative form of economy. The fact that more and more companies are starting to use cryptocurrencies reflects the increase in their importance. And not only that, but also the intelligence of companies in recognizing that their use expands the customer market they can reach. AT&T is sure that it is only the first of many mobile carriers that begin to allow this payment method.


What benefits can cryptocurrency bring to my company as a payment method?

There are many benefits you get for both companies and customers, in addition to strengthening the relationship of trust between company and client. Some of the benefits you can get for your business by allowing the use of virtual currency as a form of payment are:

  • Safe and fast operations: If you use a bank to carry out your financial transactions, the process may be complicated. With the worth of the blockchain technology, cryptocurrency operations are faster, safer and easier. You don't have to wait a week for your operation to be completed.
  • Win and retain new customers: This is one of the most important benefits that companies are most interested in. Currently, society considers companies that already allow the payment of their products or services with virtual currencies because it is a new option in high demand. So, if you want to attract, as well as increase the number of customers, a good way to start is to implement in your company the option to pay with cryptocurrencies.
  • No international fees are charged: This benefit is more focused on your customers. As it is an international payment method with universal value, prices and currencies do not need to be converted from one country to another. For example, from Spain you can pay for a product or service to the United States, without the need to convert the euro into a dollar, because cryptocurrencies have the same price in Spain and the United States.

Does your company already use cryptocurrencies? What are you waiting for? Don't waste any more time and get more customers. In addition, it is one of the easiest ways to process payments.