Telekom Austria’s “A1 Telekom Austria” has enabled customers to pay using cryptocurrencies since 19 August. The field test by the Austrian TelCo market leader is being carried out in collaboration with the FinTech start-up Salamantek and will initially be carried out in seven selected A1 branches.
Crypto-affine Austrians may rejoice: Since 19 August, they have been able to pay in selected branches of the Austrian TelCo market leader A1 Telekom Austria with Bitcoin & Co. This is clear from a press release available to BTC-ECHO. The new payment option will be introduced in collaboration with the Austrian FinTech start-up Salamantex. Salamentex provides both the software and hardware for the Bitcoin POS solution. The field trial is to expand A1 Payments, the payment service of the Austrian communications provider, by cryptocurrencies. Paying with Bitcoin & Co. is possible since the 19th of August.
Bitcoin acceptance does not make A1 a hodler
However, as with most XY Accepted Bitcoin Payments messages, bitcoin acceptance by A1 requires differentiation. For what lands in the end on the account of the Austrian telecommunications market leader is not BTC, but Euro. Bitcoin payments from customers are automatically converted into Euros by the POS system. What could cause ideologically motivated criticism for crypto-purists, however, has a tangible advantage for the traders. By directly converting Bitcoin into euros, business owners are protected against the sometimes pronounced volatility of cryptocurrencies.
Increased demand, especially among Asian tourists
In it, Schreiber also comments on the target group for the new payment option. In addition to dealers who have not been able to meet customer requests so far, the development of new customer groups is in the foreground. Especially with Asian tourists Schreiber observes the growing desire to pay with Bitcoin & Co.