Topic: AT&T says it will accept payments in cryptocurrency (Read 356 times)

I think the big companies now have realized the good in bitcoin that is why they are considering it now. With this, a lot of people will invest in bitcoin thus it will increase the demand of bitcoin, however other big companies like Facebook have disclose their plan of launching their own on Globalcoin by 2020. With bitcoin gaining popularity, other companies are also doing something to either replicate or replace bitcoin. I just hope bitcoin will continue its upward trend and stay at the top regardless of whatever coin may arise.

They probably realized that cryptocurrencies are a profitable thing and they can hold some for themselves. This is a good thing since it only means that cryptocurrency is giving a good recognition to these companies. Being able to pay in cryptocurrency means it could become a less hassle for all of us.

This is really good news to help us promote cryptos and to make people see cryptos with more trust
Maybe other companies will follow
Can you imagine if Ebay, Amazon and Walmart for example starts to accept cryptos?

But we have to make our payments in crypto to

From Facebook down to AT&T among others ,this are very good news for cryptos future and this will give more confidence to someone like me ,crypto future looks more brighter

This is old news.Let's hope it is true,but I don't rely on such news to boost the bitcoin price.
In the past,there were corporations like Microsoft and Steam accepting cryptocurrencies and it didn't "create a tidal wave of companies" accepting crypto.

It is good news for the entire cryptocurrency world. This means that big companies like AT&T are starting to recognize bitcoin. Hope this will the start of more companies embracing bitcoin and blockchain as a whole.

Yes even i got to know about this news some time back then after researching i found that they are using bitpay . Bipay finally going to pay at&t using fiat currency . Hope soon At&t also starts to accept Crypto currency directly. Even it will increase crypto usecase.

But honestly, this is the way bitcoin payments are going to be done. Companies are not going to hold a volatile asset as a means of payment/revenue, doesn't matter if the asset is going up. They simply aren't going to hold a volatile currency. There will always be a middle man for bitcoin payments for 99.9% of companies.

I have a thread on here where I point out this will actually hurt the bitcoin price because every bitcoin that gets spent by someone isn't just moving to a merchant, instead it is being immediately sold on the market, creating downward pressure on the price. Of course to balance this, merchant adoption means it is more likely more people will own bitcoin in the first place, but the immediate effect of spending bitcoin will be the same as if you sold it because companies are always going to use services like bitpay. They have balance sheets in USD or whatever national currency, which means they need to square up revenue in fiat not in crypto.

The rare exception would be something like Overstock where the CEO wants to move it to being a blockchain company and it actively invests in bitcoin by keeping some of the bitcoin payments it receives in bitcoin rather than converting all immediately to fiat. Don't expect direct adoption of bitcoin by most merchants, it just doesn't make sense for them in terms of risk or accounting. It is one thing for a company to invest in something using funds they've set aside for investments, but companies aren't going to put their direct revenue up to the whims of the market after receiving that revenue from the customer.

The important thing is that large companies are starting to accept bitcoin. The Spedn app apparently works with multiple large retailers, and now AT&T accepts bitcoin as well. All of a sudden now in 2019 numerous major companies accept bitcoin payments, that is HUGE! Though I still think Amazon is the big fish we are waiting on, given that is it the central hub for buying things on the internet for a significant part of the world. But already we can now have an answer to people when they say "where can you even spend it", we can now list a number of large well known companies that accept bitcoin, and that list will only continue to grow!

AT &T accepting crypto is a big move for at&t users and crypto industry with this news we may see more mass adoption for the crypto market

Totally agree whatever you said about difference about facebook and bitcoin. Facebook is just creating its own coin to ride on the wave of the blockchain popularity.  Marketing is a big reality today andfd might in future we se crypto by Google, Amazon etc.

AT&T accepting bitcoin is indeed a welcome news.

As a big company, AT&T make a good step for accepting cryptocurrency as their payment (and if they really do that) and that will make cryptocurrency will get adoption from their customer.
That will influence their customer to use cryptocurrency, and I think many of them will learn more about cryptocurrency and they will find out that cryptocurrency can be a new way for them to use for another thing and not just for the payment system.
I am sure more and more big company will try to use cryptocurrency for the payment system because with cryptocurrency, people will have a simple payment transaction and they don't have to go somewhere to pay the transaction because they can use their wallet on the mobile phone and send the money.

This is a great news. We have seen several of such good news but this was not having muh effect on the btc price during the bear market but I think more of such news around this time can do a lot of good. Everything is pointing towards the fact that btc is almost at the mainstream

Actually this is a thing that has a positive impact on cryptocurrency, because at least it benefits from the news.
Other large companies will also catch up like Facebook, but they see Bitcoin as a Blockchain.

It is still not the crypto-to-crypto transaction guys. Bitpay is still in the middle so there is a cost in the middle. If this is a crypto-to-crypto transaction then I would say that this is really a big news. But for AT&T to have someone in the middle to process the service then this could be considered as 'half-baked', in my opinion.

This is awesome! Last i heard Samsung had installed into one of its latest phones a cryptocurrency wallet and now AT&T also comes on board in the process of making the worldwide adoption of cryptocurrency a reality. Right now i think everybody is waiting for Apple to also come out and update its users whether they are going to design any wallet into their newest phones that they are yet to release. I am very hopeful they are going to develop this anytime soon.

This is actually good marketing for cryptos and specifically Bitcoin as it proves the naysayers and those that don't have basic knowledge about cryptos that Bitcoin and other coins aren't some sort of ponzi scheme or scam since these companis are willing to embrace them, this should make the average joe get interested in cryptos.

But what's interesting is that, even though the first wave of adoption from big companies (Whole Foods, AT&T, Home Depot, etc) has started, the market doesn't react to such news, I mean, I'm not expecting a huge 50% spike in the price, but at least some movement, yet we're still stuck around the 7k-8k range.

Wow, this is actually huge! The company has huge revenue and I believe it's very popular in the US. Accepting payments in Bitcoin is important because this way Bitcoin is performatively recognized as money, not something else. As the US policies struggle with naming Bitcoin legal tender, such moves from big players can push the regulations in the right direction. Not to mention that it's another step forward in terms of adoption. More people will see Bitcoin as an option, hear about it more often and perhaps even try it. The number of Blockchain wallet users will reach 38.5 million by the end of the month, but we really need a nice adoption boost if we want Bitcoin to compete with other payment methods.

This is great news AT&T is one the largest company around the world, and people are going to realize that such big companies accepting Bitcoin as a payment method(eWhich of course many other big companies did too). This is going to encourage a lot of people around the globe even my childhood memories are from especially this company.

There are huge companies who are recognizing and starting to accept cryptocurrency specifically Bitcoin. It's an indication that blockchain technology is starting to reach even giant businesses and it will surely help the growth of cryptocurrency.
Mass adoption is what we really need and it's surprising that huge companies are the ones who are adopting it these days.

We could do so with platforms like Bitpay or Bitrefill already. However, it is a great advantage to receive payment directly.