DISH, a US , announced on Thursday that it has added Bitcoin Cash as a payment option. To achieve this, the company is now using BitPay, a , to process its customer’s Bitcoin and Bitcoin Cash transactions.
DISH was the first subscription-based pay-TV provider to accept Bitcoin in 2014. So the addition of is in line with the company’s willingness to allow its customers to pay for its service using cryptocurrencies. Now clients of the company can use both cryptocurrencies to pay for their monthly subscriptions, pay-per-view movies, and events.
Source: LinkedIn
“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.”
In addition to allowing its customers to pay their monthly subscriptions using Bitcoin Cash, the company is leaving its former payment processor for . According to the statement, BitPay exchanges the cryptocurrency payments to US dollars at the moment of the transaction. This reduces the risk of price fluctuation between the payment being made and the currency exchange.
Source: LinkedIn
The CFO of DISH steps down
DISH also announced today that its Chief Financial Officer (CFO) Steven Swain has resigned, effective from August 22, 2018. Swain’s departure ends his seven-year tenure with the satellite pay-TV company.
Source: LinkedIn
Swain will be leaving the company for Brookdale Senior Living Inc, where he will be the CFO from September 4, 2018. DISH also announced that it has designated Paul Orban as the principal financial officer of Dish Network and Dish DBS effective August 22, 2018.
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