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Dish Network To Become Largest U.S. Company To Accept Bitcoin
Elizabeth Kreft theblaze.com Dish Network Corp. customers will be the first large customer base that can start paying their bills with the digital currency bitcoin by the end of the summer. Dish, a direct-broadcast satellite service provider, announced Thursday that the company will be the first subscription model, pay-TV provider to offer the bitcoin payment structure. The company statement said Dish will begin accepting bitcoin payments from customers starting in the third quarter. Dish is the largest U.S. company to agree to accept the digital currency as payment for their services. As of November 2013, the company provided services to just over 14 million subscribers and has approximately 34,000 employees. The announcement offers a legitimacy boost for both bitcoin and the selected currency exchange, Coinbase, that will handle all of the customer transactions for Dish. “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,” Bernie Han, DISH executive vice president and chief operating officer, said. to read more: theblaze.com
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