Jul 27, 2020 at 15:43 UTC
Vienna, Austria (Shutterstock/ V_E)
The addition of cryptocurrencies to A1’s payment platform will enable about 2,500 merchants to accept digital currencies. The moves follows A1’s decision last year to integrate services like WeChat Pay and AliPay onto its platform.
Partly controlled by the Austrian state, A1 Telekom had announced a trial of cryptocurrency payments in a pilot program last year. That announcement noted that industries with close contact with tourists and business travelers were hurt by a backlog in the acceptance of digital currencies as travelers couldn’t pay with BTC, AliPay or WeChat Pay.
According to a report by Reuters, A1 Telekom’s revenue declined by 2.4% to 1.1 billion euros in the Q2. The report also said the firm plans to cut some of its planned investments for the year, including ones for 5G.
A1 Payments did not respond to a request seeking more information about cryptocurrencies on its digital payments network by press time.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.