- February 23, 2022
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Sling TV, one of the significant competitors of American television streaming platform Hulu boasting thousands of movies and TV episodes, now accepts payments in cryptocurrency for its monthly subscription plans. It includes Bitcoin, Ethereum, DogeCoin, and others.
On Feb 18, the parent company Dish Network announced via tweet that it has partnered with Atlanta-based crypto payment firm, BitPay, and said;
Beginning this week, Sling TV subscribers can use cryptocurrency to pay for their monthly subscription. Through the payment provider Bitpay, users can now select and pay for their favorite digital streaming service with their preferred digital currency – whether it’s bitcoin, ethereum, or dogecoin.
Related Reading | El Salvador Records Double-Digit Growth In GDP, Was Bitcoin Behind It?
Sling TV, a subsidiary of Dish Network, will support a variety of digital currencies for payments, including Bitcoin, Bitcoin Cash, Wrapped Bitcoin, DogeCoin and Litecoin, and Shiba Inu (SHIB). At the same time, the stable coins supported on the Sling platform include DAI, USDC, USDP, GUSD, and BUSD.
In light of a report, Sling TV has surpassed 2.5 million subscribers in November as a television service provider.
Currently, the payment option only works for those registered at the platform already. However, new users looking to subscribe and open an account can pay in the traditional payment method.
Sling TV Follows Trend of Adopting Crypto Payments
Expressing the moto behind the partnership with BitPay, Sling TV has said that the inclusion of cryptocurrency for payments brings “choice and convenience to its check-out process.” Operating the video-on-demand model in its video streaming service, the firm competes with famous rivals like Walt Disney Company.
Adopting crypto for payments has been on the rise since the last year, and many big organizations have added cryptocurrencies to their accepted payment method. Similarly, Elon Musk, a big found of DogeCoin, announced on Saturday that tesla’s electric vehicle-making company will now accept crypto payments for its supercharging station named Santa Monica.
Furthermore, according to Visa’s report, one-fourth of the businesses plans to offer crypto payments this year. It also noted that small businesses are bullish mainly. In addition, 46% of respondents of Visa’s conducted surveys told they expect more use of cryptocurrencies in payments in 2022, while 82% said they plan to accept digital assets in payments this year.
Related Reading | 25% Of Small Businesses Plan To Begin Offering Crypto Payments, Visa Survey
Popular brands that added crypto payments over the last year include Universal Air Travel Plan (UATP), Phillips Auction House, Verifone, Sheetz convenience stores, American Residential Warranty (ARW), Sotheby’s, RM Sotheby’s, and Tifon gas stations.
At the time of writing, DISH stock price faces dips and stands at $28.50 and previously closed trading at 28.96.
On the other hand, the overall crypto market has seen an 8.62% increase in market volume today, which ballooned crypto market value to $94.17 billion. Moreover, $12.88 billion circulates in DeFi projects, 13.60% of the total crypto market value. At the same time, the 83.25% worth of total market cap belongs to stablecoins.
Featured image from Pixabay and chart from TradingView.com
