Search Coins

NFT Collection The Superlative Secret Society Price, Stats, and Review

cryptodaily.co.ukin 2 years
-2

Why This Analyst Thinks Bitcoin Could Soar Past $120K

coindoo.com11 minutes ago
0

Solana Tests Rising Channel Support – Breakdown Could Send Price To $128.50 Level

www.newsbtc.com12 minutes ago
0

Tether mints $1B USDT – Can ‘crypto week’ unlock major market moves?

ambcrypto.com12 minutes ago
0

Why Are Dormant Bitcoin Whale Wallets Suddenly Waking Up?

coingape.com34 minutes ago
0

Robinhood’s 24/7 tokenization push threatens NYSE revenues: Galaxy Digital

cointelegraph.com44 minutes ago
0

OKX CEO apologizes after ‘false positives’ lock users out of accounts

cointelegraph.coman hour ago
0

Billionaire Ray Dalio Warns ‘Painful Disruptions’ Incoming as US National Debt Set To Shatter $425,000 per Household

dailyhodl.coman hour ago
0

Is the Crypto Fear and Greed Index asking you to HODL? – Assessing…

ambcrypto.coman hour ago
0

Massive Bitcoin Loss Triggers Legal Firestorm Against Strategy

coindoo.coman hour ago
0

Oregon Vs Coinbase: AG Files Motion To Keep ‘Gensler-Era Copycat Lawsuit’ In State Court

bitcoinist.coman hour ago
0

Mawari Airdrop Guide

usethebitcoin.coman hour ago
0

Amber International Raises $25.5M to Boost $100M Crypto Reserve

news.bitcoin.com2 hours ago
0

Ethereum Wave Count Predicts Price Crash To $1,800 — But $6,000 Is Still In Play

www.newsbtc.com2 hours ago
0

Are Institutions Quietly Fueling a Bitcoin Run to $120K?

coindoo.com2 hours ago
0

Bitcoin vs. $3T U.S. debt – Is now the time to buy BTC?

ambcrypto.com2 hours ago
0

Price Prediction: Can Pudgy Penguins Hit $0.025 While Arctic Pablo Delivers 1,804% ROI? Top New Meme Coins to Invest in Now

coindoo.com2 hours ago
0

JA Mining Redefines Crypto Income with Accessible Crypto Mining Platform

coingape.com3 hours ago
0

Bitcoin Successfully Retests Bullish Megaphone Pattern – Is A Breakout Imminent?

bitcoinist.com3 hours ago
0

‘Small possibility’ $8.6B Bitcoin transfer was due to hack: Coinbase exec

cointelegraph.com3 hours ago
0

Bitcoin Near Historic Weekly Close Despite Drop – Analyst Warns Of Volatile Weekend

Is PI Network on the Brink of Collapse?

coindoo.com3 hours ago
0

Decoding XRP resistance levels – Can the $2.3 hurdle be cleared?

ambcrypto.com3 hours ago
0

Russia Unveils Ruble-Backed Stablecoin and Blockchain Payment Platform

coindoo.com4 hours ago
0

BlockDAG Named Official Blockchain Partner of Seattle Seawolves—Details Inside

coingape.com4 hours ago
0

Bitcoin Adoption: Austria’s Largest Telecom Giant To Accept Payments in Bitcoin & Altcoins

Aug 23, 2019 9:20 PM +00:00
0

The largest Austrian telecommunications giant, A1 is planning to accept cryptocurrency as a means of payment. The firm recently states that they’re launching a pilot project to test virtual payments at limited stores.


A1 is Austria’s major telecommunications which would soon support Bitcoin, Ether, XRP, Litecoin, Stellar, and Dash. Initially, the option is available at only selected stores which will expand shortly with the addition of other coins, if the pilot turns out to be successful.

Moreover, A1 selects Wien Mitte The Mall, Vienna Kärntnerstraße, Krems Bühl Center, Graz Herrengasse, Innsbruck Kaufhaus Tyrol, Salzburg Europark and Linz Landstraße as its stores to run a pilot project. As per the report, it will also host payments for WeChat Pay and Alipay by the end of this month.


Crypto Payments on the Rise


Jochen Schuetzenauer says that crypto payment is common across America and Asia and states about A1’s plan of supporting virtual payments;


“It is a trial. If it turns out as we think (that this is popular), we will extend our offer,”


The acceptance of cryptocurrency as a means of payment has been on the rise from some time now. He outlines the increasing use of cryptocurrency has made cash more obsolete. Echoing the similar concern, A1’s business marketing Markus Schreiber added;


“Cash is a discontinued model.  With our pilot operation in the A1 shops, we will test demand and acceptance of digital currency in Austria.”


Nevertheless, A1 telecom giant serves almost 5.1 million mobile and 2.1 million fixed lines across Austria. With the pilot project, the giant seeks to understand how digital currencies are in demand and employed within the country.


As per the reports, A1 is teaming up with banks to analyze the price-fluctuations of crypto payments. Accordingly Salamantex, Ingenico and Concardis are three banks that A1 telecom giant has highlighted to sign partnership for the project.


Image Source – vaaju.com


The post Bitcoin Adoption: Austria’s Largest Telecom Giant To Accept Payments in Bitcoin & Altcoins appeared first on Coingape.

Share This Article


Get the most out of CoinFi News!

Save coins into your Watchlist and be the first to know about the latest market moving news.