Austria telecoms provider accepts cryptocurrency

How much is that in crypto?
How much is that in crypto?

Austria's leading telecoms provider A1 sid Thursday that it was letting customers pay in cryptocurrency under a pilot project to test the popularity of virtual payments.

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.

© 2019 AFP

Citation: Austria telecoms provider accepts cryptocurrency (2019, August 22) retrieved 17 June 2024 from
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

Privacy watchdogs warn Facebook over Libra currency


Feedback to editors