Though the seemingly delusional rumors that “cryptocurrency is a scam” have circled the globe over the last few years, that erroneous rumors seems to be finally dissipating, as another corporate giant joins the blockchain/cryptocurrency movement. Following a Press release put out today, AT&T now accepts Bitcoin and other cryptocurrencies, and this move makes the company the first of its kind to accept payments in cryptocurrencies.
“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 a method they prefer” Said Kevin McDorman, AT&T’s vice president of communications finance and business operations.
AT&T now accepts Bitcoin and other Cryptocurrencies
As AT&T now accepts Bitcoin and other cryptocurrencies, many investors and fans of digital currencies will receive this as positive news given the fact that not only could such positive developments lead to a price increase, it also means Bitcoin is a step closer to mass adoption.
Bitcoin currently trades just under $8,000 after gaining over $3,500 in the past 3 weeks following a mini “bull run” the digital asset took. Other cryptocurrencies like Cardano, XRP, and Ethereum also showed significant increases in volume, price, and adoption.
With various retailers accepting cryptocurrency and the list seemingly growing every day, what do you think the future of blockchain and cryptocurrency has in store?