A1 Telekom Austria Adds Bitcoin to Payment Service for Thousands of Retailers

A1 Telekom Austria Adds Bitcoin to Payment Service for Thousands of Retailers

Austria’s main telecom firm, A1 Telekom Austria Group, has introduced that its service provider fee service now accepts cryptocurrencies, together with bitcoin, for cashless funds. The firm operates in seven international locations and has 25 million prospects.

A1 Telekom Austria Group is a number one supplier of digital companies and communications options in Central and Eastern Europe. Listed on the Vienna Stock Exchange, the corporate has about 25 million prospects and over 18,000 workers. It at the moment operates in seven international locations: Austria, Bulgaria, Croatia, Belarus, Slovenia, North Macedonia, and Serbia.

The group introduced Monday that its A1 Payment service now helps cryptocurrencies, stating:

As of now, A1 Payment is accepting digital currencies for cashless funds.

With A1 Payment, retailers throughout Austria can settle for digital currencies along with different common fee strategies, corresponding to Maestro, bank cards, and Alipay, the announcement continues.

The firm clarified that retailers obtain the acquisition worth in euros each time prospects pay with cryptocurrencies. “This eliminates any trade fee or forex threat” and retailers don’t must have data about cryptocurrencies, the corporate famous. “Payments with digital currencies corresponding to bitcoin, ethereum or sprint are transformed into euros in actual time on the money desk.”

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A1 Payment terminals are offered by Ingenico, the world’s main fee terminal supplier. Concardis offers the fee software program for card funds. Salamantex, an Austrian fintech firm that focuses on funds, offers technical options for accepting cryptocurrencies.

Salamantex introduced earlier this month the mixing of its software program into the A1 Payment system to allow greater than 2,500 retailers to simply accept cryptocurrencies. Monday’s announcement adopted a pilot program A1 Telekom performed in August final 12 months for chosen outlets to simply accept bitcoin.

What do you consider A1 Payment accepting bitcoin? Let us know within the feedback part beneath.

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