A large telecommunications company in Austria begins to work with cryptocurrencies One of the largest telecommunications companies in Austria begins to accept payments in cryptocurrencies, writes CoinDesk, citing local media.

A large telecommunications company in Austria starts working with cryptocurrencies

One of the largest telecommunications companies in Austria starts accepting payments in cryptocurrencies, CoinDesk writes, citing local media.

According to them, A1 is already testing cryptocurrency payments at several points of sale.. Initially, the company intends to implement support for Dash, Ethereum, Litecoin, Stellar and XRP. As part of the pilot program, Alipay and WeChat Pay will also be added to existing payment methods by the end of August..

“Cash is a model that has stalled,” said A1's head of business promotion, Markus Schreiber. "We will test the level of demand and adoption of digital currency in Austria during pilot operations at A1 branches.".

At the first stage, operations with cryptocurrencies are available in seven service offices. The company will partner with multiple banking providers to avoid the risks associated with the high volatility of digital money.

A1 says new payment options target not only locals but tourists as well.

In May it became known that the American transnational telecommunications conglomerate AT will start accepting payments in bitcoins.&T.

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