The mass adoption of cryptos has been a strong subject to discuss in 2019 because it represents a priority for the crypto space.
There have been a lot of movements made towards the adoption of crypto and blockchain technology.
Now, a telecom giant A1 is testing crypto payments at certain store locations in a move to eliminate cash.
Making payments using leading cryptos
Futurezone released a report that says that customers will be able to make payments using a few leading cryptos including BTC, ETH, XRP, Dash, Stellar, and LTC.
This is a 183-year-old provider which powers an estimated 5.1 million mobile customers across Austria and about 2.1 million landlines. They call cash an outdated payment method.
Markus Schreiber, head of business marketing at A1 Telekom stated the following:
“Cash is a discontinued model. With our pilot operation in the A1 shops, we will test demand and acceptance of digital currency in Austria…”
He continued and said, “In particular, guests from Asia want to pay primarily with Alipay, WeChat Pay or a coin.”
Minimizing the risk of price fluctuations
To diminish the risk of crypto price fluctuations and trigger more adoption among merchants, the payments will be settled in euros.
DashNews writer Justin Szilard also said that “Multi-payment platforms like Salamantex can help overall adoption since it integrates well into a merchant’s current POS system and accepts multiple forms of digital payments, including debit/credit cards.”