Austrian TV Giant Adds Support for Bitcoin Payments k
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July 28, 2020

The largest mobile network operator in Austria, A1 Telekom Austria, has announced it is now accepting payments via cryptocurrencies, including bitcoin (EXANTE: Bitcoin), ethereum (ETH) and dash (DASH).

According to an official announcement, A1's payment subsidiary called A1 Payment is accepting digital currencies for cashless payments.

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A1 Telekom Austria's clients now have alternatives at their disposal that are oriented towards digital and international needs, the company said.

Payments made with cryptocurrencies will reportedly be converted into euros in real time.

"Regardless of the digital payment method used, the retailer receives the purchase price in euros. This eliminates any exchange rate or currency risk," the company added.

In April 2019, Austrian Minister of Digital and Economic Affairs, Margarete Schramböck, during the first ANON Blockchain Summit discussion panel in Vienna, said that Europe has a strong tendency to overregulation so governments should not regulate blockchain in order to simplify business activity.

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Last year, the major telecommunications' provider in Switzerland, Swisscom AG, announced the launch of the NOOW app, a blockchain-based system in the background that guarantees the ownership rights for buyers and payment for artists.

According to the official blog announcement, NOOW is available as an app exclusively on Swisscom TV (UHD-ready TV-Box from Swisscom) and includes 100 works by 30 international artists – selected by curator Stefanie Marlene Wenger.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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