DISH Announces New Crypto Payment Option and Migration to BitPay
DISH, the subscription pay-TV provider to first make available Bitcoin payments starting with 2014, just revealed that it will be adding Bitcoin Cash as a payment option and is currently making use of BitPay’s services, the biggest payments provider on the blockchain scene, to process Bitcoin and Bitcoin Cash transactions.
“We’ve added Bitcoin Cash just as we chose to accept Bitcoin to serve customers who have adopted a new way of doing business,” said DISH executive vice president and chief operating officer, John Swieringa.
“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.”
DISH Network Corporation is a connectivity company that has been active for over 30 years in the pay-TV industry. Through its subsidiaries, it has offered television entertainment to millions of customers via its satellite DISH TV and streaming Sling TV services.
DISH is currently in the process of changing its former payment processor and migrating its operation to BitPay.
DISH clients now have the option of paying for monthly subscriptions with Bitcoin and Bitcoin Cash, in addition to pay-per-view movies and events. For a push transaction, a user of the DISH platform directs the exact sum of the required Bitcoin or Bitcoin Cash for making one-time payments on mydish.com or DISH’s Hopper DVR. BitPay converts the paid sums into U.S. dollars when the transaction is made, thus managing the risks that come along with cryptocurrency volatility.
“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 the Chief Commercial Officer of BitPay, Sonny Singh.
“Cryptocurrency is an increasingly popular way for consumers to make purchases online as it reduces credit card fraud and is cheaper for the merchants.”