{"id":383546,"date":"2019-05-24T12:34:46","date_gmt":"2019-05-24T12:34:46","guid":{"rendered":"https:\/\/ktsl888.com\/?p=383546"},"modified":"2024-06-11T13:43:22","modified_gmt":"2024-06-11T13:43:22","slug":"corporate-giants-embracing-crypto-is-massive-boon-for-bitcoin-researcher","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/corporate-giants-embracing-crypto-is-massive-boon-for-bitcoin-researcher\/","title":{"rendered":"Corporate Giants Embracing Crypto is Massive Boon For Bitcoin: Researcher"},"content":{"rendered":"

Binance’s loss of 7,000 Bitcoin (BTC), Bitfinex and Tether’s trouble in court, and the continual disapproval of BTC<\/a> exchange-traded funds (ETFs) aside, the crypto news cycle has been widely positive. This trend continued on Thursday, with a multibillion-dollar telecommunications giant revealing that it would be taking its first foray into cryptocurrency, shocking investors this ecosystem over.<\/p>\n

Related Reading: Bitcoin Currently Consolidating After Dropping Towards $7,700, But a Strong Bounce May Be Imminent<\/a><\/h6>\n

AT&T Partners With BitPay<\/strong><\/h2>\n

Announced Thursday,<\/a> AT&T, a Texas-based American technology giant valued at $234 billion, will be accepting Bitcoin payments for its services through the Atlanta-headquartered BitPay. Per a press release<\/a>, AT&T is now the first “major U.S. mobile carrier” to provide its millions of customers with the ability to purchase services for cryptocurrency. Speaking on the matter, Kevin McDorman, vice president of AT&T Communications’ Finance Business Operations unit drawled:<\/p>\n

“We\u2019re always looking for ways to improve and expand our services… We have customers who use cryptocurrency, and we are happy we can offer them a way to pay their bills with the method they prefer.”<\/p><\/blockquote>\n

As this news broke, many in the crypto community saw this as validation of the return of the Bitcoin bull. Because why would a massive company accept an asset that is “dying” is “already dead”, right?<\/p>\n

This is notable, as it comes as Bitcoin has remained to a leading payment rail on the global stage, despite what you hear in harrowing news reports. Researcher Kevin Rooke notes that over the past week, Bitcoin has seen $6.3 billion worth of value transferred on average each day. This is still shy of Visa’s and Mastercard’s volumes, but impressive nonetheless.<\/p>\n

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Bitcoin is settling over $6 billion of transactions each day now.<\/p>\n

How does BTC volume compare to America's top payment networks? pic.twitter.com\/NX5oeJUaQY<\/a><\/p>\n

— Kevin Rooke (@kerooke) May 23, 2019<\/a><\/p><\/blockquote>\n