Dish Network Becomes Biggest Company to Accept Bitcoin as Payment

Dish Network says it will begin accepting bitcoin through payment processor Coinbase by September. Bitcoin is still not federally regulated or backed by any central government or bank.
Author:
Publish date:

Dish Network says it will begin accepting bitcoin through payment processor Coinbase by September. With a market cap of $27 billion, Dish claims to have become the largest company to do so. Dish Network Chief Operating Officer Bernie Han said as bitcoin becomes a preferred way for some people to transact, the company made the decision to deliver choice and convenience to its customers. Bitcoin is still not federally regulated or backed by any central government or bank. It suffered a major setback from the collapse of the once-dominant bitcoin exchange, Mt. Gox, in February, which spurred many to protest the currency and call for it to be overseen.