U.S. satellite service provider DISH has announced it has added Bitcoin Cash (BCH) as a payment option and migrated to the BitPay payments provider, according to an official press release August 9.
The DISH Network Corporation was among the first satellite service providers in the world to accept Bitcoin (BTC) payments back in 2014.
John Swieringa, the executive vice president and chief operating officer at DISH, said in the press release that the company has “a steady volume of customers paying with cryptocurrency each month”, adding:
“We’ve added Bitcoin Cash just as we chose to accept Bitcoin to serve customers who have adopted a new way of doing business.”
According to the press release, DISH customers will be able to pay with both BTC and BCH for monthly subscriptions and pay-per-view movies by sending the exact amount of cryptocurrency in a push transaction to the company.
Sonny Singh, the chief commercial officer with BitPay, noted in the press release that they aim to have a “seamless transition” from DISH’s old payment service to the new one. Singh added that cryptocurrency purchases are becoming more popular both because they reduce the chances for credit card fraud, as well as provide a cheaper payment service option for merchants.
Previously, crypto payments processor BitPay had acquired a virtual currency license from New York’s Department of Financial Services (NYDFS)