TV Giant DISH to Become Largest Company to Accept Bitcoin
Move over, Overstock.com, there's another big player in town that's going to be accepting bitcoin. Announced today, TV giant Dish Network Corp. announced they will become the largest company and first subscription model pay-TV yet to accept bitcoin. Working in partnership with San Francisco-based Coinbase, the company says they're planning to accept digital currency payments later this year, perhaps by September. According to company chief operating officer Bernie Han, the idea came from DISH employees who have over recent months become bitcoin enthusiasts. "We always want to deliver....
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Just over a week ago, major Colorado-based US satellite television provider DISH Network unexpectedly announced that it will allow its 14 million subscribers the opportunity to begin paying with bitcoin later this year through a partnership with Coinbase. With the news, DISH immediately became the largest business to accept bitcoin, surpassing Overstock, the online retail giant that began accepting bitcoin in January. By current market capitalization, DISH is about 73 times larger than Overstock, and generates 10 times the money - $13bn in revenue last year versus $1.3bn for Overstock.....
Courtesy of DISH Network. In recent years, technological innovations have transformed the television industry. Many existing companies have been very resistant to change. To survive, companies must adapt to the changing technological landscape so they can retain their customers and attract new ones. Recognizing this, the prominent satellite television company DISH has decided to begin accepting Bitcoin payments later this year. DISH to Become Largest Company to Accept Bitcoin. For the majority of its short life, Bitcoin existed on the fringes of society, owned and used only by the....
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. “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. Among the Coinbase services, DISH will use Instant Exchange™ feature that will allow exchange of....
US satellite service provider DISH Network has announced that it will start accepting bitcoin payments later this year. The Colorado-based company is one of the biggest content providers in America, with more than 14 million pay-TV subscribers. DISH plans to start accepting bitcoin payments in the third quarter of 2014, but it has not yet revealed an exact date. Once it does, it will become the biggest company to accept bitcoin to date. Last year DISH Network Corporation reported revenue of $13.9bn. The company has more than 30,000 employees. The customer is always right. With 14 million....
US-based subscription satellite TV provider DISH became the world's largest company to accept bitcoin late last month, boasting 14 million subscribers, nearly $14bn in annual revenue and a $27bn market capitalization. Overnight, DISH reaped the rewards of its forward-thinking initiative in the media, scoring high-profile promotions in financial publications such as Reuters and The Wall Street Journal along with more general-interest national news outlets like NBC and ABC. However, while the press response to the news was strong, DISH executive vice president and chief operating officer....