DISH to Accept Bitcoin
DISH today announced that it will become the largest company to accept bitcoin. As the first subscription model pay-TV provider to make this move, DISH will begin accepting bitcoin payments from customers starting in the third quarter. DISH Network L.L.C. is a wholly owned subsidiary of DISH Network Corporation (NASDAQ: DISH).
“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. “Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals.”
DISH has selected Coinbase as the payment processor for bitcoin transactions with customers who choose to pay their bill online with the bitcoin wallet of their choice. DISH will use Coinbase’s Instant Exchange™ feature to exchange bitcoin payments to U.S. dollars at the moment of the transaction.
“We’re excited to support DISH and their current and new subscribers for their bitcoin transactions,” said Coinbase co-founder Fred Ehrsam. “This is a large step forward in the growing momentum of customers paying companies in bitcoin for things we do every day, like watching premium TV.”
“As a bitcoin payment processor, Coinbase will help DISH make the payment experience easy for our customers and make it easy for DISH to receive immediate credit in dollars, at an attractive cost for DISH,” added Han.
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.
About DISH
DISH Network Corporation (NASDAQ: DISH), through its subsidiaries, provides approximately 14.097 million pay-TV subscribers, as of March 31, 2014, with the highest quality programming and technology with the most choices at the best value. Subscribers enjoy a high definition line-up with more than 200 national HD channels, the most international channels, and award-winning HD and DVR technology. DISH Network Corporation is a Fortune 200 company.
Learn more about DISH Network Corporation at http://www.dish.com/
About Coinbase
Coinbase is a bitcoin consumer wallet and merchant payment processing platform that, founded in June 2012, now powers 1.3 million consumer wallets and supports 31,000 merchants. Funded with $31 million from top venture investors, Coinbase strives to make it easy to buy and sell bitcoin, securely store bitcoin in the cloud, and accept bitcoin as payment and receive funds in U.S. dollars.
Learn more about Coinbase at http://www.coinbase.com/
Related News
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....
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....
On the heels of the recent Dish Network announcement to begin accepting bitcoin payments, we saw the same clueless chorus of naysayers and payment newbies come out claiming that Dish doesn't really accept bitcoin because they actually end up with US dollars. It would be just as ridiculous to say that a hotel in Barbados doesn't accept US dollars because, after the VISA credit card transaction, the hotel ends up with Barbados dollars. Dish Network selected bitcoin payment processor Coinbase to manage the foreign exchange conversion risk in the same way that other international merchants....