Why TV Giant DISH Took a Chance on Bitcoin Payments
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....
Related News
DISH customers can now use bitcoin to pay their monthly TV bills. The Colorado-based company went live with its bitcoin payments program today as part of its previously announced third-quarter rollout. The first customers to pay for DISH services using bitcoin are Austin and Beccy Craig. The American couple have famously chronicled their attempts to live using only digital currency on their Life on Bitcoin blog. Speaking to CoinDesk, DISH head of corporate communications John Hall framed the news as part of the company's overarching goal to embrace innovation: "DISH has always been about....
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.....
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....
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....
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....