With Bitcoin, Bitcoin Cash also a payment option for this Fortune 250 company 20773
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Madhurima Roy
Aug 10, 2018 at 2:30 PM

As previously reported, DISH, an American satellite TV provider has expanded its form of cryptocurrency payments. The company announced that it will start accepting Bitcoin Cash (BCH) as one of its payment options. Prior to Bitcoin Cash, the company had included Bitcoin (BTC) as a payment option in 2014. It started accepting payments in cryptocurrencies in order to increase the number of payment options for its customers and to make payments more convenient.

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Bitcoin Cash going side by side with Bitcoin

DISH's acceptance of BCH, has brought definite good news for Bitcoin Cash. While Bitcoin Cash is in the fourth position in Coin Market Cap, Bitcoin is in the topmost position.

By getting included as a payment option in the Fortune 250 company, it is possible that Bitcoin Cash transactions will not only increase, but might also get better positioned eventually as a cryptocurrency in its existing market and also to its potential users.

Even Roger Ver, the world's first investor in Bitcoin startups, on 3rd August said: "BCH is Bitcoin" in one of his Twitter posts. Ver, who was attending a crypto event at Jeju islands gave $100 worth Bitcoin Cash donation to the Governor, Won Hee-ryon. From these back to back events, it might be speculated that the major Bitcoin enthusiast might be shifting his focus to Bitcoin Cash.

The crypto momentum

Earlier by accepting Bitcoin, the company had already established the fact that they acknowledge digital currencies as a viable payment mode. With the latest inclusion, the company has cemented the fact even more, along with the fact that cryptocurrencies are here to stay and will be eventually implemented in all walks of life.

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John Swieringa, DISH executive vice president and chief operating officer, said: “We’ve added Bitcoin Cash just as we chose to accept Bitcoin to serve customers who have adopted a new way of doing business.”

The company has also stated that it will be using BitPay as its main cryptocurrency payment processor. “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.”

Further establishing the usefulness of cryptocurrencies, the Chief Commercial Officer of BitPay, Sonny Singh, said he sees cryptocurrencies as "an increasingly popular way" that consumers can employ while making online purchases as it lowers payments fraud and reduces costs for merchants.

"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," he added.

 

Image via Shutterstock

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