Satellite TV Provider DISH Network Now Accepts Bitcoin Cashbr>
Dish Network, a US television provider, has added Bitcoin Cash (BCH) as a payment option and is now using BitPay, a blockchain payments provider, as the payment processor.
Dish Network is the owner of the direct-broadcast satellite provider DISH and the Internet streaming service Sling TV. In addition to its TV services, the company has commenced build out of a national narrow-band Internet of Things (IoT) network to provide innovative connectivity solutions and applications through its strategic spectrum portfolio.
In 2014, the company became one of the first major firms to accept bitcoin. Dish customers can now use both bitcoin and Bitcoin Cash to pay for monthly subscriptions and pay-per-view movies. As a push transaction, a Dish customer sends the exact amount of bitcoin or Bitcoin Cash needed to make one-time payments on either its website or set-top box.
“We’ve added Bitcoin Cash just as we chose to accept bitcoin to serve customers who have adopted a new way of doing business,” said John Swieringa, DISH executive vice president and chief operating officer. “We have a steady volume of customers paying with cryptocurrency each month, and BitPay will allow us to continue offering more choice and convenience to our customers.”
Dish also announced that it is migrating from its former payment processor to BitPay. According to the statement, BitPay exchanges the cryptocurrency payments to US dollars at the moment of the transaction. This reduces the risk of price fluctuation between the payment being made and the currency exchange.
“Our goal for DISH Network is a seamless transition to BitPay so all customers who are currently paying for services with bitcoin continue to have the option to pay with bitcoin or Bitcoin Cash,” said Sonny Singh, Chief Commercial Officer with BitPay. “Cryptocurrency is an increasingly popular way for consumers to make purchases online as it reduces credit card fraud and is cheaper for the merchants.”