Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

DISH Is Now Accepting Bitcoin

Rob WileMay 29, 2014, 17:55 IST

Flickr/miggslives

Satellite TV group DISH will now allow customers to pay their bills in Bitcoin.

DISH has a market cap of $27 billion, making it the largest firm to start accepting the cryptocurrency.

"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 a statement. "Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals."

Bitcoin prices have climbed about 9% in the past seven days and now stand at $563.

Coinbase will serve as DISH's payment processor.

"This is a large step forward in the growing momentum of customers paying companies in bitcoin for things we do every day, like watching premium TV," Coinbase founder Fred Ehrsam said.