NFT Collection The Superlative Secret Society Price, Stats, and Review
Officials From the US and UK Investigate Crypto Transfers to Russian Exchange Valued at $20,000,000,000: Report
PEPE prices drop by 6%, but here’s where holders can book some profits
Hedge Fund Goes Long Bitcoin, Short MicroStrategy: Details
Venom Blockchain Enters Abu Dhabi, Fueling Optimism For Web3 Ecosystem Expansion
Shiba Inu Lead Dev Tells Ethereum Founder, ‘It’s Just The Start’, Here’s Why
Shiba Inu Going To $0.0001: Crypto Analyst Reveals What Will Drive The Rally
Venom Blockchain Launch Triggers Huge Surge In User Adoption, Surpassing 1 Million In A Single Day
OKX repositions US compliance team as highest priority
Shiba Inu price targets 200% gains despite Solana memes, Dogecoin dominance
Ethereum whale cashes out 17,000 ETH – Here’s what it means for you
Canadian Authorities Probe $169M QuadrigaCX Crypto Scam In New Wealth Investigation
XRP and USDT traders flock to Fezoo exchange
Circle USDC Set to Transform zkSync Transactions
Bitgert Coin: Turning small investments into significant returns
Ethereum Blob Inscriptions Exceed 40%, Triggering Unprecedented ‘Blob Contention’
Is This the End of Bitcoin's 4-Year Bull/Bear Market Cycle?
Top 3 Meme Coins That Can Give A 1,000% Return In The Bull Market
BNB’s 10% price surge – Is it still on track for its April predictions?
Hacker Steals Over $65,200,000 From Crypto Game Built on Blast Blockchain – Then Returns Everything: On-Chain Data
Binance Executive Sues Nigeria’s NSA Over Detention
XRP Lawyer John Deaton Says SBF Deserves Harsher 50-Year Jail Term
Ethereum Being Designated a Security Won’t Hurt Chances of Spot ETH ETFs Approval, Says BlackRock CEO Larry Fink
Bitcoin Adoption: Austria’s Largest Telecom Giant To Accept Payments in Bitcoin & Altcoins
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.