Here are some speculations on why a company like AT & T started accepting bitcoin as their payment method
AT&T has started taking payment in bitcoin because of the security and anonymity it provides. Bitcoin is a new and untested currency, so there is a lot of potential for it to grow in popularity. Additionally, bitcoin is not subject to government or financial institution control, which could be appealing to companies that want to avoid being subject to regulations. ..
The issue with bitcoin as a payment method
People are afraid of the price of bitcoin because it is very fluctuating. However, if you focus on what you can do to save yourself from losing its value, then you will be fine. For example, if you don’t have to hold bitcoin in your wallet, then you can withdraw it into your currency. This will avoid the fear of losing your capital.
There are only 21 million bitcoins in the world. If you believe in bitcoin, there is a good chance that you will be able to get a higher valuation for it in the future. But it is entirely up to the individual and their awareness about bitcoin if they would want to hold on to it.
Conclusion
Bitcoin is an excellent move by AT&T to reach another level. Although a lot of companies are not using bitcoin as their payment method, we might be a decade earlier where using bitcoin would be very common but the rate of adaptation of bitcoin that we have seen in the last few years is inconceivable. Millions of people have started investing in bitcoin, and companies like AT&T, PayPal, and WIKIPEDIA have started taking positive moves toward accepting bitcoin and creating a digital place where everything will be based on technology.
