Satellite TV giant DISH has now confirmed Bitcoin Cash as its second payment option. The announcement was made on the company’s website and comes as an addition after Bitcoin was added to its payment system in 2014.
DISH Network Corporation has had an enormous hand in the evolution of satellite TV since 1980, providing its services through a number of subsidiaries like the satellite service DISH TV and the streaming service Sling TV. The firm also provides in-home installation services and advertising solutions.
This move by the company comes at the same time as its announcement about migrating to BitPay as its new crypto payment processor, to provide secure transactions with customers.
Chief Operating Officer and Executive Vice President of DISH, John Swieringa claims that the move to add Bitcoin Cash as a payment option is aimed at helping consumers who have moved to the newer models of transactions. He says:
“We have a steady volume of customers paying with cryptocurrency each month, and BitPay will allow us to continue offering more choice and convenience to our customers.”
BitPay has offices in North America, Europe, and South America, and is a pioneer in providing secure and fast crypto payment solutions. They also provide cross-border payment services, which means customers will be able to manage their crypto assets using BitPay Wallet.
In order to make a payment using Bitcoin or BTC Cash, a customer needs to make a one-time payment using the official website of DISH’s hopper DVR. BitPay exchanges the funds into US Dollars immediately upon receiving the exact payment amount in crypto, thereby reducing risks of volatility.
Chief Commercial Officer at BitPay, Sonny Singh maintains that the aim of the company is to provide a streamlined transfer to the Network, enabling customers already paying in BTC to smoothly access the extra payment options in BTC Cash.
He notes that altcoins are now a really popular mode of payment for customers for any kinds of purchases as there is lower risk of credit card fraud, and is less expensive for the merchants as well.