The times that that most crypto investors were waiting for all through the years are now here with us. Blockchain technology is getting adopted by major corporations all across the world at an exponential rate.
Blockchain smart televisions are coming up, blockchain smart phones, driverless cars running on blockchain tech, and now a growing number of corporations are accepting crypto payments. The latest in the growing list of companies accepting crypto payments is Dish Network. In a statement, Dish network has announced that they will be accepting payments in Bitcoin cash (BCH). Part of the statement released by the company read as follows.
“We’ve added Bitcoin Cash just as we chose to accept Bitcoin to serve customers who have adopted a new way of doing business. We have a steady volume of customers paying with cryptocurrency each month, and BitPay will allow us to continue offering more choice and convenience to our customers.”
This is welcome news since it gives confidence that the corporate world is taking note of cryptocurrencies, as an efficient way of accepting payments. Companies like Dish network are good news for cryptocurrencies because they not only add to the usage of crypto, but also help create more awareness about crypto.
To put this into context, Dish Network has more than 5 million customers in the U.S. By releasing a statement to the effect that they will be accepting bitcoin cash (BCH), there are lots of people who didn’t know about Bitcoin Cash (BCH), but are now curious to know about it. Such individuals are likely to take an interest in this crypto and play a role in growing the community. Besides, their announcement will inspire confidence in other businesses, both large and small to start accepting cryptos. Such companies may move to also accept Bitcoin cash or whatever other crypto they deem fit to their businesses. The bottom-line is that the move by Dish network and other mega-corporations are inspiring crypto adoption, and that’s what important at this point.
It is only through such high-level adoptions that the average Joe will take an interest in crypto, and help push up volumes. There was a short-lived influx of non-techies in crypto in December but the price slump that followed made them lose interest. However, when they see a company like Dish network accepting crypto, or Starbucks talking the same, that interest will come back. The best part is that this time it will not come back on the basis of hype, but due to a practical demonstration that cryptos actually have a real use in technology, and they will want to try them out.
When someone makes a payment to Dish network using bitcoin cash (BCH) and realizes that it is instant and almost cost free, they will come to terms with its power in making their lives better, and the word will spread. Slowly momentum will come back and prices will rise, and reward the patient, those who believe in the projects they are invested in.