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Major Venezuelan Satellite TV Provider Enables Bitcoin and Other Cryptocurrencies Payments – Emerging Markets Bitcoin News

Major Venezuelan Satellite TV Provider Enables Bitcoin and Other Cryptocurrencies Payments – Emerging Markets Bitcoin News

Major Venezuelan Satellite TV Provider Enables Bitcoin and Other Cryptocurrencies Payments – Emerging Markets Bitcoin News

Venezuelan customers of the country’s largest satellite TV provider can now pay their monthly bills in cryptocurrencies. Simple TV announced that it had enabled the feature for more than four million users whose homes the company replaced with Directv.

The Company intends to reduce its reliance on the trust dollar

According to the announcement, the provider has partnered with Panamanian company Cryptobuyer, and Simple TV’s homepage now displays crypto payment options.

Customers could send payments in Bitcoin (BTC), Dash (DASH), Litecoin (LTC), Ethereum (ETH), Binance Coin (BNB) and Binance Dollar (BUSD). In addition, users can pay with Cryptobuyer’s own token, XPT.

Simply Television, owned by a Chilean investment fund, offers over 300 television channels from major networks such as ESPN, HBO and Disney. With this addition, the satellite TV provider hopes to increase the use of cryptocurrencies throughout Venezuela.

Jorge Farias, CEO of Cryptobuyer, told Contrapunto that cryptocurrency payments will allow TV providers like Simple TV to greatly expand their reach:

Basic TV is known to reach the most remote parts of the country. Imagine how important it is if you use it for, say. This allows you to access your service domestically without having a dollar account or depending on a middleman. This is an important step, even allowing access to entertainment and information services, which are in even greater demand by detainees.

Simple TV has taken over Directv’s service portfolio in Venezuela after the US satellite TV provider ceased operations in the country, making it the largest provider.

Adoption of crypto-currencies in Venezuela is increasing across allcompanies.

The South American country, known for its turbulent economy and political affairs, has been an active witness to the adoption of cryptocurrencies by companies and service providers.

Bitcoin.com News reported last year that all Pizza Hut stores in Venezuela have begun accepting a wide range of cryptocurrencies, including bitcoin.

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What do you think about Venezuelans being able to pay their satellite TV bills in cryptocurrencies? Let us know your comments in the section below.

Tags in this story

Bitcoin Venezuela, Cryptobuyer, directive, Jorge Farias, satellite, satellite television, South America, Venezuela, Venezuelan Bicoin adoption, Venezuelan Bicoin usage, Venezuelan crypto currency adoption.

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