Bitcoin Cash (BCH) supporters will be happy this week to see that there is an increase in the number of businesses accepting the BCH. This increase is said to be owing to Bitpay, the crypto-payment processing company. Reportedly, this week, Bitpay is supposed to announce some tactical joint ventures.
The foremost announcement comes from Dish, a subscription TV channel provider. After the partnership with Bitpay, Dish proclaimed on August 9, 2018, that the BCH will be accepted by the firm as a payment choice.
Further, Bitpay also announced a collaboration with Flow.io. So, users can utilize BCH for paying the international e-commerce platform. They can utilize 60+ types of payment options in about 200 countries. The company proclaimed that the BCH can for the payments of TV subscription services with Dish.
The latest facility is available for users after the company announced shifting from its previous payment processor to Bitpay. The latest partnership will let Dish customers use their BCH for payment of their monthly subscriptions. Users can also utilize this facility to avail of pay-per-view movie events.
Another joint venture with Bitpay adding further mercantile approval to the BCH system is the company’s partnership with Flow.io, an e-commerce platform.
Flow.io is spreading out its services that will allow cryptocurrency payment processing through Bitpay.
On a similar note, Dish Network earlier announced that the company’s shares have jumped by 15%.
This rise in shares after the pay-TV company reported better-than-expected revenue.
Raymond James, Analyst Ric Prentiss, asserted that the company’s earnings results are strong.
The earlier reports stated that the company had lost about 192,000 of its Dish TV subscribers in its second quarter.
It that it was somewhat better than Prentiss’ estimate of about 200,000 subscriber loss.
Bitcoin Cash (BCH) has seen increased acceptance in recent months, with two major partnerships announced in August 2018. First, Dish Network announced that it would be accepting BCH as a payment option, following a partnership with Bitpay.
This means that Dish customers can now use their BCH to pay for monthly subscriptions, as well as pay-per-view movies and events.
The second partnership was between Bitpay and Flow.io, a global cross-border e-commerce platform.
This partnership means that BCH payments can now on Flow.io’s platform, which supports over 60 different payment methods across 200 countries.
These partnerships are a sign of the growing acceptance of Bitcoin Cash. As more and more merchants begin to accept BCH, it is likely that cryptocurrency will become even more popular.
Here are some additional details about the two partnerships:
- Dish Network is a subscription television channel provider that has over 14 million customers in the United States. The company announced on August 9th that BCH would as a payment option after collaborating with Bitpay.
- Flow.io is a global cross-border e-commerce platform that allows businesses to sell their products and services to customers in over 200 countries. The company announced on August 10th that BCH payments would on its platform.
These partnerships are a significant step forward for Bitcoin Cash. They show that cryptocurrency is gaining acceptance among major merchants and platforms.
As more and more businesses begin to accept BCH, it is likely that cryptocurrency will become even more popular.