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Breaking News: Ripple And SEC Reach Major Deal: Remaining $75M Penalty Returned, Injunction Lifted

Bitcoin Takes Over Another Fortune 500 Company

Adam James
by Adam James
11 years ago
·
Posted in News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dish Network to Accept Customer Bitcoin Payments

DISH internet provider has announced that they will begin to accept bitcoin and they have chosen Coinbase as their bitcoin payment processor.

This would make DISH the largest company and first subscription model pay-tv provider to accept bitcoin.

[quote]“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 – DISH executive vice president and chief operating officer.[/quote]

 

Among the Coinbase services, DISH will use Instant Exchange™ feature that will allow exchange of bitcoin payments to U.S dollars at the moment of the transaction.

The bitcoin payment option will be available for DISH customers choosing to make one-time payments on mydish.com starting in the third quarter. Customers will still have the option to make any payment online via credit card, debit card or bank account.

The strategic move for DISH is its lower fees than visa, master card or paypal network. Bitcoin ultimately means more profit for DISH.

This also makes DISH the third Fortune 500 company in a week to publicly speak about bitcoin, the others include Amazon, and Apple.

The question remains: “What are the other sectors that will start accepting bitcoin?”

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Adam James

Adam James

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Adam James lives in Budapest and is the Managing Editor of Bitcoinist.com. He digs Gibson guitars that sound like Tyrannosauruses, Romantic & Victorian poetry, Franco-era Spanish films, LPs, Chelsea FC, Bob Dylan, Pilot G2 10s, black coffee, video games, and cryptocurrency.

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