Austria's leading telecoms provider is now letting customers pay in cryptocurrency
Austria's telecoms giant A1 has launched a pilot project – letting customers pay in cryptocurrency.
Customers can now pay in Bitcoin, Litecoin, Dash and other cryptocurrencies at selected shops throughout the country, the company said.
"It is a trial. If it turns out as we think (that this is popular), we will extend our offer," A1 spokesman Jochen Schuetzenauer told AFP, adding it was already common to pay in cryptocurrency in America and Asia.
A1, which counts more than 5.3 million mobile phone customers among Austria's 8.8 million population, said transactions would be secured with customers paying in cryptocurrency but vendors getting euros.
Cryptocurrencies, whose electronic nature makes them difficult to trace, have flourished since Bitcoin launched in 2009.
Facebook unveiled plans in June for its own virtual currency, Libra, rattling financial regulators who fear the social media giant's potential to disrupt the financial system.
Comments
See Also
Customers can now pay in Bitcoin, Litecoin, Dash and other cryptocurrencies at selected shops throughout the country, the company said.
"It is a trial. If it turns out as we think (that this is popular), we will extend our offer," A1 spokesman Jochen Schuetzenauer told AFP, adding it was already common to pay in cryptocurrency in America and Asia.
A1, which counts more than 5.3 million mobile phone customers among Austria's 8.8 million population, said transactions would be secured with customers paying in cryptocurrency but vendors getting euros.
Cryptocurrencies, whose electronic nature makes them difficult to trace, have flourished since Bitcoin launched in 2009.
Facebook unveiled plans in June for its own virtual currency, Libra, rattling financial regulators who fear the social media giant's potential to disrupt the financial system.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.