RATE Group | Austrian Telecommunications Giant to Accept Cryptocurrency
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Austrian Telecommunications Giant to Accept Cryptocurrency

21 Aug Austrian Telecommunications Giant to Accept Cryptocurrency

Posted at 04:21h in Cryptocurrency News by

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One of the largest mobile providers in Austria is planning to accept cryptocurrency for payment at certain store locations. 

A1, which services some 5.1 million mobile and 2.1 million fixed lines across Austria, is testing cryptocurrency payments at store locations across Austria. Dash, ethereum, litecoin, stellar and XRP will be available for payment, according to a report by Austrian tech news site Futurezone. 

Founded in 1881, A1 serves 5.1 million of the current 6.2 million Austrian mobile phone users.

The pilot program will also host payments for Alipay and WeChat Pay by the end of August. As of now, Futurezone listed seven initial locations accepting cryptocurrency payments across Austria.

“Cash is a discontinued model,” said the head of A1’s business marketing Markus Schreiber to Futurezone. “With our pilot operation in the A1 shops, we will test demand and acceptance of digital currency in Austria.”

Futurezone says A1 is partnering with banking…

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