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 TVâ€™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 Cryptobuyerâ€™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 â€œboost the usage of cryptocurrencies across Venezuela.â€
Jorge FarÃas, 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 Directvâ€™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 â€” known for its troubled situation in economics and political affairs â€” 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 Venezuelansâ€™ possibility to pay satellite TV bills with cryptocurrencies? Let us know in the comments section below.
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