Bitcoin Cash [BCH] can now be used to pay DISH TV bills
U.S. satellite TV provider DISH announced on Thursday that it would now accept Bitcoin Cash [BCH] as payment from its subscribers. DISH was the first subscription model pay-TV provider to accept Bitcoin as payment, starting in 2014.
The network also announced it will now use BitPay, a global Bitcoin and Bitcoin Cash payment service provider, to process payments from customers using these cryptos.
"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," said John Swieringa, DISH executive vice president and chief operating officer.
Customers can use Bitcoin and Bitcoin Cash to pay for their monthly subscriptions. These digital assets can also be used to pay for pay-per-view movies and events.
According to a statement by DISH, BitPay will enable exchanging these crypto payments to U.S. dollars at the time of the transaction, “without cryptocurrency volatility risk.”
"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, BitPay’s chief commercial officer.
According to an earlier DISH announcement, Coinbase was the previous payment processor for Bitcoin transactions. In Thursday’s announcement, DISH did not specify why it was migrating from its former payment processor to BitPay.
DISH Network Corp is a Fortune 250 company, which provides its pay-TV services to more than 13 million subscribers. In the last financial year, the company reported annual revenue of $3.48 billion.
Bitcoin Cash [BCH] adoption set to rise?
According to Roger Ver, an early Bitcoin [BTC] investor, Bitcoin Cash [BCH] was indeed getting on top of many innovative products.
Ver recently explained that anyone can send BCH using BitPay and CoinText, the top merchant providers. Coinbase provides complete integration to the token, he pointed out.
Craig Wright, a prominent evangelist for Bitcoin Cash, described the coin as “the next global electronic plumbing system.”
However, he admitted that there’s a slow adoption of the virtual currency. He wrote, “There are only two things that are slowing adoption of bitcoin cash. 1. Scale limits to be removed 2. Locking the protocol.”
According to Wright, if these problems are solved, the digital asset will be more widely adopted.
Image via Shutterstock
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