Bitcoin Venezuela, Cryptobuyer, Directv, Jorge Farias, Satellite, satellite tv, South America, Venezuela, venezuela bitcoin adoption, venezuela bitcoin use, venezuela crypto adoption

Venezuelan customers from the biggest satellite TV provider in the country are now able to pay their monthly bills via cryptocurrencies. Simple TV announced it had enabled the feature to its over four million users, whose company was the replacement of Directv.

Company Expects to Cut Dependency on Fiat Dollar

According to the announcement, the provider arranged a partnership with Panamanian firm Cryptobuyer, and Simple TV’s landing page is now showing the option to pay via cryptos.

Customers could send their payments in bitcoin (BTC), dash (DASH), litecoin (LTC), ethereum (ETH), binance coin (BNB), and binance dollar (BUSD). Also, users can also pay with Cryptobuyer’s native token, XPT.

Simple TV, owned by a Chilean investment fund, offers over 300 TV channels from major networks, including ESPN, HBO, and Disney. With such addition, the satellite TV provider expects to “boost the usage of cryptocurrencies across Venezuela.â€

Jorge Farías, CEO of Cryptobuyer, told Contrapunto that crypto payments would enable TV providers like Simple TV to widen their range of coverage significantly:

Simple TV took over Directv’s portfolio in Venezuela after the American satellite TV provider closed its operations in the nation, becoming the major provider.

Crypto Adoption in Venezuela Is on the Rise Across Stores

The South American country — known for its troubled situation in economics and political affairs — has been actively witnessing crypto adoption among stores and services providers.

Bitcoin.com News reported last year that all Pizza Hut locations in Venezuela started to accept a broad range of cryptocurrencies, including bitcoin.

What are your thoughts on Venezuelans’ possibility to pay satellite TV bills with cryptocurrencies? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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