DISH Network Becomes Largest Company Accepting Bitcoin
May 29, 2014
DISH Network said this morning it will begin accepting bitcoin payments. Bitcoin processor Coinbase confirmed its role as DISH’s processor in a short post on the company’s corporate blog. The satellite- TV service said it would accept the digital currency as payment beginning Q3 this year. DISH said it is the largest company so far that accepts bitcoin as payment, and the first subscription-based TV provider.
While Bitcoin had a run of negative publicity in February and March , the ship seems to have righted itself over the past few weeks. Investors remain optimistic , the regulatory environment is beginning to become clearer and a recent study said Bitcoin will become more prominent in the U.S. as an alternative to credit cards online. And, last week, Bitnet, a new company touting deep experience in the traditional payments industry, officially launched at the CNP Expo in Orlando, Fla.
DISH displaces retailer Overstock.com, which began accepting bitcoin payments in January, as the most prominent company to accept the cryptocurrency.
“We always want to deliver choice and convenience for our customers and that includes the method they use to pay their bills,” said Bernie Han, COO of DISH. “Bitcoin is becoming a preferred way for some people to transact, and we want to accommodate those individuals.”