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Tuesday, June 24, 2014

Dish Network Begins Accepting Bitcoins for Payments

Satellite-services provider Dish Network has announced that it will let customers pay their bills with bitcoins starting 1 July 2014. It will use the services of bitcoin exchange Coinbase to process payments made via the virtual currency. “We always want to deliver choice and convenience for our customers and that includes the method they use to pay their bills,” said Dish executive vice president and chief operating officer Bernie Han . “Bitcoin is becoming a preferred way for some people to transact, and we want to accommodate those individuals.” Despite concerns from government officials and the financial sector about the virtual currency because of problems such as the recent closure of the world’s biggest bitcoin exchange, several online retailers and organizations such as Overstock.com, Zynga, and the Sacramento Kings US professional basketball team are accepting it for payment. (Reuters)(Wall Street Journal)


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