Andre Yoskowitz
29 May 2014 23:34
Satellite TV giant DISH Network has become the largest company to accept the digital currency Bitcoin.
"We always want to deliver choice and convenience for our customers and that includes the method they use to pay their bills," Bernie Han, DISH executive vice president and chief operating officer, said in a statement. "Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals."
DISH has a market value of $27 billion, significantly higher than other notable companies that have begun accepting the currency. Coinbase will be the payment processor.
"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," says Coinbase founder Fred Ehrsam.
Bitcoin has remained relatively stable over the past few days, and is worth $570 as of writing.
Source:
BI