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Streaming television service provider Sling TV has reported the company is now accepting cryptocurrency payments from customers paying their monthly subscriptions. Sling TV detailed the company is leveraging the crypto payment provider Bitpay and will accept seven different cryptocurrencies and five stablecoins.
Sling TV to Accept Crypto Assets for Monthly subscription Services
Sling TV LLC, has revealed that it has partnered with the Atlanta-based cryptocurrency payments provider Bitpay and will accept a variety of crypto assets for monthly subscription payments. Sling is a streaming television service provider that offers a selection of channels competing cable providers do not. The company is a subsidiary of Dish Network, the direct-broadcast satellite provider that also accepts crypto payments for subscription services. Data from cordcuttersnews.com indicates that Sling surpassed 2.55 million subscribers in September 2021.
By offering over-the-top (OTT)-originated services via web browsers, smart TVs, digital media players, Sling says it offers different benefits. Accepting crypto exemplifies the company’s desire to bring “choice and convenience to its check-out process,” Sling’s announcement notes. Sling television monthly subscribers can pay for their subscription with bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), wrapped bitcoin (WBTC), dogecoin (DOGE), and litecoin (LTC). Additionally, Sling clients can opt to pay with the stablecoins GUSD, USDC, USDP, DAI, and BUSD.
Sling TV’s announcement says:
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.
The streaming television service Sling follows a slew of companies adding crypto payment support during the last 12 months. Over the last year, well known brands such as Universal Air Travel Plan (UATP), Sheetz convenience stores, Phillips Auction House, Verifone, Sotheby’s, RM Sotheby’s, American Residential Warranty (ARW), and Tifon gas stations have added crypto payment support. In mid-January this year, a survey conducted by Visa indicates that one in four businesses polled planned to accept crypto payments this year.
Currently, Sling TV customers with an existing monthly subscription can pay with digital currencies. New users have to pay with a traditional payment method one time and then the next month the crypto payment option will be made available to the monthly subscriber. “Sling customers can only make one monthly, manual payment with Bitpay, but will have the choice to prepay for one to six months at a time,” Sling’s summary of the new payment system concludes.
(Article Courtesy of Bitcoin.com)