The Bahraini telecoms company Stc Group subsidiary Stc Bahrain recently announced that a cooperation with payment service provider Eazy Financial Services has opened up a possibility for customers to pay bills with cryptocurrency.
The telecom company’s action, according to a statement, shows that it is “strongly focused on expanding Bahrain’s fintech sector as world-class digital enablers.”
In a recent statement, the Bahraini telecom provider Stc Bahrain said that it now takes cryptocurrency, ostensibly becoming the first in the kingdom to do so.
The company collaborated with the payment service provider Eazy Financial Services, according to the announcement.
According to the release, this agreement enables Stc Bahrain’s customers to pay their invoices using the Binance wallet.
The CEO of Stc Bahrain, Nezar Banabeela, commented on the collaboration with Eazy Financial Services and asserted that the telecom operator’s decision to accept cryptocurrency payments indicates Stc Bahrain’s “strong focus on expanding Bahrain’s fintech sector as world-class digital enablers.” The CEO added that his business intended to make cryptocurrency adoption “a easy process and increase adoption as crypto is the future of payments.”
In the meantime, Nayef Tawfiq Al Alawi, the founder and CEO of Eazy Financial Services, asserted that the collaboration agreement enables the telecom operator to take cryptocurrency payments but “in a regulated, secure, and incredibly rapid manner.”