The Inside Scoop on Why AT&T Pulled the Trigger on Bitcoin

When AT&T became the first major mobile provider to accept bitcoin for bill payments through the AT&T website and the myAT&T mobile app, 150 million AT&T customers received the opportunity to pay their cell phone bill using cryptocurrency.

But, it’s been the other way around, Singh told CCN, speaking in an exclusive interview providing the inside scoop on how his company helped AT&T take the leap into crypto payments even as some come countries mull outright bans on bitcoin ownership.

Once they realize they do not need to hold the bitcoin, thus minimizing their risk, they’re more open to accepting crypto payments. Once implemented, AT&T, which charges BitPay’s 1% transaction fee back to the consumer, didn’t think there would be much media attention.

Reference: https://www.ccn.com/the-inside-scoop-on-why-att-pulled-the-trigger-on-bitcoin

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