Dish Networks LLC will become the largest company to accept bitcoins, the subscription model pay-TV provider announced May 29. The wholly owned subsidiary of Dish Network Corp. plans to begin accepting the cryptocurrency from customers in the third quarter.
“We always want to deliver choice and convenience for our customers and that includes the method they use to pay their bills,” Bernie Han, DISH executive vice president and chief operating officer, said in the announcement. “Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals.”
Coinbase will process the bitcoin payments. Dish says it will use Coinbase’s Instant Exchange feature to exchange bitcoin payments to U.S. dollars at the moment of the transaction.
Market Platform Dynamics founder David Evans recently got into a spat with Overstock CEO Patrick Byrne when he wrote recently that the company doesn’t really accept bitcoins because it uses Coinbase instead to convert the bitcoin value into U.S. dollars. Byrne denied the claims in an angry rebuke.
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