The crypto market may be in a state of flux with the price of bitcoin gaining and then losing about $1,500 in the space of the last 3 weeks, nevertheless digital currencies continue to gain widespread adoption across the world.
U.S based satellite provider DISH has become the latest to expand its payment options to include bitcoin cash. In an official statement issued on Thursday, August 9, DISH announced that it has added Bitcoin Cash (BCH) as a payment option and migrated to payments provider, BitPay.
In 2014, DISH Network Corporation was one of the first pay TV services to accept payments in bitcoin.
Executive vice president and chief operating officer John Swieringa, said in the press release that the move was necessary to cater for “a steady volume of customers paying with cryptocurrency each month”
“We’ve added Bitcoin Cash just as we chose to accept Bitcoin to serve customers who have adopted a new way of doing business.”
With the new development, customers will be able to pay for their monthly DISH subscriptions and pay-per-view movies with the dollar equivalent of the amount in bitcoin or bitcoin cash.
Speaking on the development, BitPay’s chief commercial officer Sonny Singh said his company is working to achieve a “seamless transition” from DISH’s old payment service to the new one. Singh noted that digital currencies have become an important payment option for users and merchants because they provide a secure, faster and less expensive payment option.
With the development, DISH joins a growing number of entities that are allowing users pay for services with cryptocurrencies. Earlier in the week, market strategy and research firm, Fundstrat Global Advisors, also announced that it would start accepting bitcoin payment for content on its platform.
According to Fundstrat, the new feature will allow institutional investors and high net worth individuals to purchase its financial sector reports using bitcoin.