Cryptocurrency holders in Austria are happy today because of the decision of the major Austrian mobile operator A1 to adopt a cryptocurrency payments software developed by a local fintech firm, the latest cryptocurrency news show.
We are talking about the Austrian fintech firm Salamantex, which announced that their Crypto Payment Service Software has been successfully integrated into the A1 Payment, which was essentially a service by one of the biggest mobile network operators in the country, A1.
Right now, there are potentially around 2,500 points of acceptance for A1 Payment, in order for the users to make purchases with crypto. The only condition is that the merchant has activated this feature. Speaking of which, merchants are free to activate it and start accepting cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Dash (DASH) while replacing cash or credit cards.
As the announcement says, the customer pays in crypto but the merchant keeps getting Euros, which is why it “does not incur any exchange rate or currency risk,” said the announcement. At the moment, the Austrian mobile operator rolled out the payment feature and merchants can order it from A1 Payment and test it without any activation costs.
“The acceptance of cryptocurrencies opens up new affluent customer groups and enables merchants to position themselves as pioneers in their industry,” said Markus Pejacsevich, Chief Operating Officer of Salamantex.
The company also added that the last several months were marked by the COVID-19 pandemic and brought a mind shift in the usually cash oriented Austria. “People were called upon by the government and retailers to primarily switch to cashless payment transactions as far as possible,” while this newly introduced cashless payment alternative is “oriented towards the needs of a digital generation.
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As a reminder, A1 was in the blockchain news in August for joining hands with Salamantex, Ingenico, and Concardis for an initial pilot for in-store payments in six different crypto assets including Bitcoin (BTC), Dash (DASH), Ethereum (ETH), Litecoin (LTC), Ripple’s XRP and Stellar (XLM).
“The system has proven itself in a test run lasting several months in selected A1 shops,” said the Austrian mobile operator in this latest announcement.
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