Cryptocurrency is the buzzword that’s hitting the minds of the world’s biggest companies. Every other day, we are seeing multinational businesses jumping into the crypto game. How can the multinational conglomerate AT&T be left behind in the race? Yes, America’s Telecommunication Company recently announced its fresh step towards accepting Bitcoin (BTC) and Bitcoin Cash (BCH) for payments.
Kevin McDorman, the vice president of AT&T’s Communications Finance Business Operations, stated that the company has always been trying to reach out for new and innovative ways for serving its customers.
“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.”
In order to make it possible, AT&T is partnering with BitPay. The two have more potential partnerships by far. Sonny Singh, BitPay’s CCO, praised AT&T for making the move into the cryptocurrency world and explained that the interest is spreading all over the world.
“The big companies want to learn. We’ve met with executive teams at many Fortune 500 companies to explain to them how it works and we brainstorm on how we can work together.”
AT&T is not the only one to foray into the crypto world. There are several major retailers including Starbucks, Overstock and Whole Foods, that have all begun to accept crypto as a mode of payment. Thus, the demand for cryptocurrency payment services continues to grow.
Binance CEO, Changpeng Zhao, and Bitcoin advocate, Anthony Pompliano were so excited about the news.
It’s no wonder to see that industry leaders are beginning to realise that cryptocurrency and blockchain technology can be used to the advantage of customers as well as businesses.
As Anthony Pompliano says –
“Are you going to bet against the most successful companies and investors in the world?”