Leading Austrian Telecom Provider Adds Cryptocurrencies to Its Cashless Payment Network

A1 Telekom Austria said cryptocurrencies will now be available to use in its cashless payment app, allowing over 2,500 merchants to accept bitcoin, ether and dash.

AccessTimeIconJul 27, 2020 at 3:43 p.m. UTC
Updated Feb 6, 2023 at 1:16 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

A1 Payment, a subsidiary of A1 Telekom Austria, said Monday users can now make payments using cryptocurrencies including bitcoin, ether and dash on its cashless payments app. 

  • On its website, the firm said that regardless of the cryptocurrency used, payments would be converted to euros in real time so retailers would receive payment in fiat. 
  • The addition of cryptocurrencies to A1’s payment platform will enable about 2,500 merchants to accept digital currencies. The moves follows A1’s decision last year to integrate services WeChat Pay and AliPay onto its platform. 
  • Partly controlled by the Austrian state, A1 Telekom had announced a trial of cryptocurrency payments in a pilot program last year. That announcement noted that industries with close contact with tourists and business travelers were hurt by a backlog in the acceptance of digital currencies as travelers couldn’t pay with BTC, AliPay or WeChat Pay. 
  • According to Reuters, A1 Telekom’s revenue declined by  2.4% to 1.1 billion euros in Q2. The report also said the firm plans to cut some of its planned investments for the year, including investment in 5G. 
  • A1 Payments did not respond to a request seeking more information about cryptocurrencies on its digital payments network by press time. 
  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.