September 30, 2022

Sling TV Now Accepts Crypto Payments For Monthly Subscriptions

3 min read

Sling TV, one of the considerable competitors of American tv streaming platform Hulu boasting countless films and television episodes, now accepts payments in cryptocurrency for its monthly subscription strategies. It includes Bitcoin, Ethereum, DogeCoin, and others.

On Feb 18, the moms and dad company Dish Network announced through tweet that it has partnered with Atlanta-based crypto payment company, BitPay, and stated;

Beginning today, Sling television customers can use cryptocurrency to spend for their regular monthly membership. Through the payment service provider Bitpay, users can now pick and spend for their preferred digital streaming service with their chosen digital currency– whether it’s bitcoin, ethereum, or dogecoin.

Related Reading|El Salvador Records Double-Digit Growth In GDP, Was Bitcoin Behind It?

Sling television, a subsidiary of Dish Network, will support a range of digital currencies for payments, including Bitcoin, Bitcoin Cash, Wrapped Bitcoin, DogeCoin and Litecoin, and Shiba Inu (SHIB). At the same time, the steady coins supported on the Sling platform include DAI, USDC, USDP, GUSD, and BUSD.

Because of a report, Sling television has actually exceeded 2.5 million subscribers in November as a tv company.

Presently, the payment choice just works for those registered at the platform currently. Nevertheless, brand-new users looking to subscribe and open an account can pay in the conventional payment technique.

Sling TV Follows Trend of Adopting Crypto Payments

Expressing the moto behind the collaboration with BitPay, Sling television has said that the inclusion of cryptocurrency for payments brings “choice and benefit to its check-out procedure.” Running the video-on-demand design in its video streaming service, the firm competes with popular competitors like Walt Disney Company.

Embracing crypto for payments has been on the rise since the in 2015, and numerous huge companies have added cryptocurrencies to their accepted payment technique. Similarly, Elon Musk, a huge found of DogeCoin, revealed on Saturday that tesla’s electrical vehicle-making business will now accept crypto payments for its supercharging station called Santa Monica.

Furthermore, according to Visa’s report, one-fourth of the businesses plans to provide crypto payments this year. It likewise kept in mind that small businesses are bullish mainly. In addition, 46% of participants of Visa’s carried out surveys informed they expect more usage of cryptocurrencies in payments in 2022, while 82% said they plan to accept digital properties in payments this year.

Associated Reading|25% Of Small Businesses Plan To Begin Offering Crypto Payments, Visa Survey

Popular brand names that included crypto payments over the in 2015 consist of 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.

BTCUSD-
Bitcoin price finally sees upward trends and stands above$38K|Source: BTC/USD chart from TradingView.com

At the time of composing, DISH stock cost deals with dips and stands at $28.50 and formerly closed trading at 28.96.

On the other hand, the total crypto market has seen an 8.62% boost 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 overall crypto market value. At the exact same time, the 83.25% worth of overall market cap comes from stablecoins.

Included image from Pixabay and chart from TradingView.com