Austrian telecommunications giant A1 group to accept cryptocurrency

by Osiris Team


Posted on Aug. 21, 2019, 2:52 p.m.
Adoption
Time to read: 2 min
DASH ETH LTC XRP XLM

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

Founded in 1881, A1 services 5.1 million mobile (out of 6.2 million Austrian mobile users) and 2.1 million fixed lines across Austria. Now A1 is testing cryptocurrency payments at its store locations. Dash, Ethereum, Litecoin, Stellar and XRP will be available for payment, according to a report by Austrian tech news site Futurezone.

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 solutions Salamantex, Ingenico and Concardis for the project. Like other popular cryptocurrency payment solutions, price fluctuations are absorbed through the banking solutions architecture.

A1 told Futurezone that the payment option is not only for local Austrians but increasingly geared toward tourists.


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