DISH to Accept Bitcoin
Bitcoin acceptance begins Q3 for pay-TV subscription service
Largest company to-date and first pay-TV provider to accept
Coinbase selected as payment processor
ENGLEWOOD, Colo.--(BUSINESS WIRE)--
today announced that it will become the largest company to accept
bitcoin. As the first subscription model pay-TV provider to make this
move, DISH will begin accepting bitcoin payments from customers starting
in the third quarter. DISH Network L.L.C. is a wholly owned subsidiary
of DISH Network Corporation (NASDAQ: DISH).
"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."
DISH has selected Coinbase
as the payment processor for bitcoin transactions with customers who
choose to pay their bill online with the bitcoin wallet of their choice.
DISH will use Coinbase's Instant Exchange™ feature to exchange bitcoin
payments to U.S. dollars at the moment of the transaction.
"We're excited to support DISH and their current and new subscribers for
their bitcoin transactions," said Coinbase co-founder Fred Ehrsam. "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
"As a bitcoin payment processor, Coinbase will help DISH make the
payment experience easy for our customers and make it easy for DISH to
receive immediate credit in dollars, at an attractive cost for DISH,"
The bitcoin payment option will be available for DISH customers choosing
to make one-time payments on mydish.com
starting in the third quarter. Customers will still have the option to
make any payment online via credit card, debit card or bank account.
DISH Network Corporation (NASDAQ: DISH), through its subsidiaries,
provides approximately 14.097 million pay-TV subscribers, as of March
31, 2014, with the highest quality programming and technology with the
most choices at the best value. Subscribers enjoy a high definition
line-up with more than 200 national HD channels, the most international
channels, and award-winning HD and DVR technology. DISH Network
Corporation is a Fortune 200 company. Visit www.dish.com.
Coinbase is a bitcoin consumer wallet and merchant payment processing
platform that, founded in June 2012, now powers 1.3 million consumer
wallets and supports 31,000 merchants. Funded with $31 million from top
venture investors, Coinbase strives to make it easy to buy and sell
bitcoin, securely store bitcoin in the cloud, and accept bitcoin as
payment and receive funds in U.S. dollars. Learn more at www.coinbase.com.
DISH Media Contact
Jason Kiser, 303-723-2210
The OutCast Agency on behalf of Coinbase
Source: DISH Network Corporation
News Provided by Acquire Media