DISH Becomes World's Largest Company to Accept Bitcoin

The Colorado-based company is one of the biggest content providers in America, with more than 14 million pay-TV subscribers.

AccessTimeIconMay 29, 2014 at 1:05 p.m. UTC
Updated Sep 11, 2021 at 10:49 a.m. UTC

US satellite service provider DISH Network has announced that it will start accepting bitcoin payments later this year.

The Colorado-based company is one of the biggest content providers in America, with more than 14 million pay-TV subscribers.

plans to start accepting bitcoin payments in the third quarter of 2014, but it has not yet revealed an exact date. Once it does, it will become the biggest company to accept bitcoin to date.

Last year DISH Network Corporation reported revenue of $13.9bn. The company has more than 30,000 employees.

The customer is always right

With 14 million subscribers, DISH has a vast user base and at least some of these users are bitcoiners.

"We always want to deliver choice and convenience for our customers and that includes the method they use to pay their bills," said Bernie Han, DISH executive vice president and chief operating officer.

"Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals."

Han noted that bitcoin is becoming a “preferred” payment option for some people and DISH simply wanted to accommodate such individuals, offering an additional payment option to meet their needs.

Coinbase won the deal

will serve as the payment processor for the company, exchanging the bitcoin payments to USD at the moment of transaction. Considering the sheer size of DISH Network and the number of subscribers up for grabs, the deal could be a great boon for the payment processor.

Han added that Coinbase will make the payment experience easy for DISH customers, but at the same time it will allow the company to receive immediate credit in dollars “at an attractive cost for DISH.”

DISH says bitcoin payments will be made available to all customers who decide to make one-time payments on mydish.com starting in the third quarter of 2014.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
Voyager Digital Issues Default Notice to 3AC, Draws Down $75M of Alameda Revolver

Shares in the crypto exchange plunged last week on disclosure of its exposure to Three Arrows Capital.

CoinDesk - Unknown
2
CoinDesk - Unknown
Crypto Hedge Funds, Traders Short Tether After UST’s Implosion: Report

The positions are worth at least “hundreds of millions” of dollars in notional value, one trader said.

CoinDesk - Unknown
3
CoinDesk - Unknown
Morgan Stanley: GPU Demand Likely to Slow if Ethereum Moves to Proof-of-Stake

Moving to PoS will also not solve Ethereum’s scaling problems, the report said.

CoinDesk - Unknown
4
CoinDesk - Unknown
Ethereum Lending Protocol XCarnival Hit With $3.8M Exploit, Recovers 50%

The DeFi protocol persuaded a hacker to return $1.9 million from a smart contract exploit.

CoinDesk - Unknown