United States telecom and media giant AT&T now recognizing cryptocurrency for paying mobile bills on the web, as per an official press release on May 23 . AT&T will process bills paid in cryptocurrency using crypto payments platform BitPay.
BitPay is a medium that can convert cryptocurrencies to fiat and is used by over 20,000 businesses. AT&T is reportedly the first United States-based enterprise in the wireless network sector to provide bill payments with BitPay.
Kevin McDorman, vice president of AT&T Communications Finance Business Tasks, said, “We have customers who use cryptocurrency, and we are glad we can offer them a way to pay their charges with the way they prefer .”
Near the end of 2018, AT&T announced that it was working on a suite of blockchain solutions compatible with Microsoft Azure and the IBM Blockchain Platform. The stated aim of the suite is to provide “additional transparency as well as accountability to even the most complicated supply chains” for institutional clients in fields such as manufacturing, retail, and healthcare.
AT&T also filed a patent application — that was published by the U.S. Patent and Trademark Office ( USPTO ) in December — for a blockchain-based “social media history map” that would allow a network such as AT&T to gather its subscribers’ social media “transaction” records.