STC Bahrain Customers Can Now Pay Phone Bills Using Shiba Inu

STC Bahrain customers can now pay their phone bills using SHIB.

Thanks to Binance Pay partnership with leading Bahraini payment provider EazyPay, STC customers can now pay their phone bills with Shiba Inu.

The development comes as demand for cryptocurrencies continues to spike in the Middle East and across the globe. STC Bahrain has become the first telecom operator in Bahrain to expand its payment options following the partnership to meet the increasing demand for easy-to-use crypto payments. Furthermore, the partnership signifies Bahrain’s commitment to advancing the country’s fintech landscape.

The Saudi Telecom Company owns STC Bahrain. STC provides digital solutions and services in various fields, including communications, information technology, digital payments, digital media, cyber security, and other advanced digital fields, in Bahrain and across the MENA region.

Binance, the world’s largest cryptocurrency exchange by 24 hours trade volume, took to Twitter to announce the initiative.

You can now pay your phone bills with crypto in Bahrain ??

STC Bahrain customers can now pay with crypto using #Binance Pay.

In partnership with Eazy Pay, @stc has become the first telecom operator in Bahrain to start accepting crypto payments! pic.twitter.com/nkfY2oE4VI

— Binance (@binance) December 14, 2022

Commenting on the partnership, Nezar Banabeela, STC Bahrain CEO, said the rapid digitization taking place across the globe is significantly transforming lives, especially in the payments sector.

“From online shopping and streaming videos to money transfers, almost every digital activity relies on a payment system. We are incredibly proud to be the first telecom operator in Bahrain to accept cryptocurrency payments, a demonstration of our strong focus on advancing Bahrain’s fintech sector as world-class digital enablers,” Banabeela said. 

General Manager at Binance Bahrain, Tameem Al Moosawi, acknowledged STC Bahrain as a leading tech and innovation company in the country, adding: 

“[…] This partnership has set the benchmark for how telecom operators can enable the transition to the Web3 economy by accepting crypto payments.” 

Paying for Services With Binance Pay

With Binance Pay, STC customers can pay their phone bills securely in real time using Shiba Inu. Customers need to scan the QR code from Eazy’s POS using their Binance Pay app to pay phone bills.

Binance Pay currently supports more than 70 cryptocurrencies, including Bitcoin (BTC), Dogecoin (DOGE), Cardano (ADA), Polygon (MATIC), XRP, etc. It bears mentioning that aside from paying with Shiba Inu, stc customers can also pay their phone bills with other supported Binance Pay crypto assets. 

Recall that in September, TheCryptoBasic reported that EazyPay partnered with Binance to launch more than 5,000 POS terminals and payment gateways across Bahrain, thus enabling businesses to accept crypto payments.