DISH Network Joins BitPay, Starts Accepting Bitcoin Cash Payments
Crypto market caps recently hit an all-time low for 2018 — but it still seems cryptocurrency adoption is gaining steam. Indeed, industry leaders like Goldman Sachs and Intercontinental Exchange Inc. continue to push forward with the tech in one way or another. Now, pay TV provider DISH Network is joining them, announcing it has begun accepting Bitcoin Cash after choosing BitPay as its payment processor.
DISH Network Partners with BitPay to Expand Crypto Payments
DISH Network announced on Thursday it would begin accepting Bitcoin Cash as a payment method for its subscription-based services. The Colorado-based media company made the announcement following a switch from its previous payment processor, Coinbase, to BitPay.
Thus, DISH customers can now use both Bitcoin (BTC) and Bitcoin Cash (BCH) to pay for their monthly subscriptions, as well as pay-per-view movies and events. They can do this through a one-time payment option via mydish.com or DISH’s Hopper DVR.
Customers simply enter the exact amount of Bitcoin or Bitcoin Cash requested via one of those two mediums and, voila. Their job is done and they are given access to DISH’s full offering.
BitPay will obviously be playing the role of middleman now with regards to these transactions. Thus, they will be immediately exchanging the crypto payments for USD — helping DISH to avoid the risk that comes with price volatility.
Sonny Singh, Chief Commercial Officer with BitPay, elaborated on other benefits that naturally come with accepting crypto:
“… Cryptocurrency is an increasingly popular way for consumers to make purchases online as it reduces credit card fraud and is cheaper for the merchants.”
DISH Network: A Pioneer in Bitcoin Adoption
DISH Network actually began accepting bitcoin payments more than four years ago, back in 2014 — making them the first ever subscription model pay-TV provider to do so. The company officially made the move to provide their customers with more payment options, but in all likelihood they also did it to get ahead of the technology curve.
Furthermore, this choice has seemingly paid off for the television provider as they claim to have a steady stream of revenue coming from BTC-based payments.
Dish executive vice president John Swieringa confirmed the success of their four-year experiment with bitcoin payments, in addition to commenting about their more recent decision to accept BCH:
“We’ve added Bitcoin Cash just as we chose to accept Bitcoin to serve customers who have adopted a new way of doing business. 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.”
What do you think of DISH Network’s decision to accept Bitcoin Cash? Let us know in the comments below.
Images via Bitpay, Bitcoin Cash, DISH Network