In the past, skeptics have disputed the fact that Bitcoin as a currency has no distinguished value, due to the fact that it hasn’t been widely accepted as a means of payments. Indeed, Bitcoin arrived at the international and financial scene when the world’s financial markets were witnessing a slump.
For many, Bitcoin is relevant and a game-changer for the financial industry. It is now seen as a store of value – somewhat a digital gold which also has the potentials of being a reserve currency. Even as Bitcoin’s use-cases increase and continue to go against all odds, one of the biggest pay-Tv provider, DISH, is making use of Bitcoin as a means of payment for subscribers.
Not only that, DISH is known to be the first pay-tv provider to offer cryptocurrency as a means of payment for subscriptions. However, DISH executive vice president and chief operating officer, Bernie Han had something to say:
“We always want to deliver the best and deliver choice and convenience for our customers and that includes the method they use to pay their bills. Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals.”
DISH Network Corporation offers more than 14 million pay-tv subscribers with the best technology and programs with a great value as of 2014. Subscribers on DISH are offered more than 200 channels with high-definition programs. The network also prides itself by supplying 110,000 hours of disaster relief in the form of broadband and TV-services.
@dish now accepting Bitcoin. In the words of @APompliano @JWilliamsFstmed… The Virus is Spreading! pic.twitter.com/VzHzxfThmh
— Devon McKenney (@DevonMcKenney) February 6, 2019
Additionally, Coinbase has been the medium chosen by DISH to process BTC payments from subscribers who wish to pay their TV subscriptions from their BTC wallet. Bitcoin payments on DISH is being facilitated by Coinbase’s Instant Exchange™ to U.S dollars.
DISH subscribers are given the opportunity to choose between Bitcoin as a payment option or debit cards or bank account for their TV-subscription. These mediums are to provide an easy way for subscribers that want to make an instant payment online.
No doubt, cryptocurrencies are gradually becoming an important means of payments, thus, getting the same recognition as fiat currencies. Cryptocurrencies (like Bitcoin) reduces credit card fraud and they are inexpensive for merchants who want to make payments.
Bitcoin’s use-cases are significantly increasing and people are starting to pick up the notion that the digital asset is real and can make a huge change in the second and third-world countries dealing with hyperinflation.
Notable crypto-enthusiasts: Anthony Pompliano and James Anthony Williams have quoted the significance of Bitcoin’s use-cases and other cryptographic technologies. Also saying that Bitcoin will one day be some sort of a store of value very soon.
Bitcoin can be used a means of payment; in making donations, tips and so on. This, however, has opened doors to its numerous use-cases nowadays and it keeps spreading day-by-day.
Undeniably, Bitcoin’s utility as a means of exchange keeps increasing despite its price swings and volatility. The cryptocurrency still has more potency to bring a positive change to every economy; it will become apparent as new use-cases become prevalent and widely known.
Image courtesy of Pixabay.