Paying with digital currency becomes acceptable - starting 19th August in A1 shops
Vienna, 19th of August 2019
- From the 19th of August 2019 cryptocurrencies such as Bitcoin & Co. will be accepted in selected A1 shops
- Austrian cryptocurrency specialist Salamantex enables simple and secure handling of new digital payment methods in the A1 Payment Service
- Digitalcurrencies open up new targe tgroups for businesses and create more opportunities for innovative consumers
A1 bets on future-oriented payment methods in digital currencies
In cooperation with Salamantex, Austrian specialist for cryptocurrencies, the A1 Payment Service makes payments in digital currencies simple and secure. This makes them an everyday means of payment, comparable to debit or credit card payments.
Protection against fluctuations in value
The A1 payment solution creates a framework for companies to accept digital currencies without having to bear the occasionally considerable risk of an exchange rate change from cryptocurrency to euro. This is made possible by the partnership with the Lower Austrian startup company Salamantex, which has been offering All-in-One payment solutions and "the easy way for crypto pay" since 2017. The system immediately converts the amount into euros at a guaranteed exchange rate.
Austria's pent-up demand for digital currencies
"Tomorrow's payment solutions will be able to understand and accept digital currencies," says Markus Schreiber, Head of A1 Business Marketing. "While payment by mobile phone or watch (e.g. Apple Pay, Garmin Pay) is slowly establishing itself in Austria, we urgently need to catch up when it comes to the acceptance of digital currencies. Taking tourism as an example, we see that guests from Asia in particular want to primarily pay with Alipay, WeChat Pay or with a coin. A1 thus takes on a pioneering role and supports companies in integrating new digital payment methods into their daily business simply and without risk. A1 starts accepting cryptocurrencies in selected A1 shops in Austria, at the beginning of 2020 the extended A1 Payment Service will also be available for A1 Business customers. From the terminal over the service to the assumption of the exchange rate risk, companies receive everything from a single source: A1 provides the payment terminal and takes care of its maintenance. Blockchain expertise is just as nonessential as the setting up of wallets or exchange accounts.
New target groups for companies, more opportunities for innovative consumers
Salamantex CEO René Pomassl is pleased about the cooperation with A1. "With the addition of digital means of payment, A1 Payment is taking on a pioneering role in times of digitalization. This will increase the broad acceptance of digital currencies as a serious and secure means of payment. Together we create confidence and the possibility for enterprises to open up new target groups of ́Early Adopters`".
The advantage for consumers is the possibility to use their digital currencies directly at the point of sale, without having to go through a bank and without having to exchange them for euros beforehand.
Payments in cryptocurrency are now possible in the following A1 shops:
- Vienna - Kärntnerstraße
- Vienna Mitte - The Mall
- Lower Austria - Krems Bühl Center
- Styria - Graz Herrengasse
- Tyrol - Innsbruck Kaufhaus Tyrol
- Salzburg - Europark
- Upper Austria - Linz Landstraße
Photo: (from left to right) Alexander Krätschmer, Head of Sales Salamantex, Christian Libiseller, Product Manager - Application Services A1, Kevin Walzer, Bsc A1 Payment Product Manager and Jasmin Schierer, Head of Marketing Salamantex during the delivery and installation of the extended payment software in the A1 Shop Kärnterstraße Copyright: Salamantex
A1 is Austria's leading communications provider with more than 5.3 million mobile customers and more than 2 million fixed-network lines. Customers benefit from a comprehensive, one- stop offering, consisting of voice telephony, Internet access, digital cable television, data and IT solutions, wholesale services and mobile business and payment solutions. The brands A1, bob, Red Bull MOBILE and Yesss! stand for highest quality and smart services. As a responsible company, A1 integrates socially relevant and environmental concerns into its core business.
Salamantex is a young, dynamic company that has set itself the goal of offering all-in-one solutions for payment systems. The Salamantex Digital Payment Service Software offers companies the possibility to combine different payment options as well as to accept cryptocurrencies as a means of payment.
Head of Marketing Salamantex
heartbeat & co. communication
Mag. Livia Dandrea-Böhm
A1 company spokesperson