Crypto Milestone: Telecom Giant AT&T Now Accepting Bitcoin (BTC) Payments
AT&T has just become the first major telecommunications company in the US to accept Bitcoin payments.
Customers can pay with BTC online by navigating to MyAT&T and choosing the option for BitPay, a platform that allows merchants to accept Bitcoin.
Says Kevin McDorman, vice president, AT&T Communications finance business operations,
“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.”
AT&T has made significant investments in its wireless infrastructure in an effort to support mobile users, as it strives to retain customers and to offer the most technologically advanced network.
“More than $140 billion invested in our wireless and wireline networks over the past 5 years (2014-2018). During this time, we invested more in the US than any other public company.”
The American multinational communications conglomerate, based in Dallas, Texas, is one of the world’s largest telecommunications companies and the second largest provider of wireless services in the US, with a 34% market share as of the third quarter of 2018, according to data compiled by Statista.
AT&T reports that over 400 million people in the US and Mexico have access to its 4G LTE network. With over 260,000 employees worldwide, the company provides voice services for more than 200 countries.
In addition to owning and operating its telecommunications subsidiaries, AT&T bought WarnerMedia in 2018, which owns HBO, CNN, TBS and Warner Bros., among other media companies.