Venezuelan customers of the country’s largest satellite television provider can now pay their monthly bills using cryptocurrencies. Simple TV announced that it has enabled the feature for its four million+ users whose company was Directv’s replacement.
Company expects to reduce reliance on the fiat dollar
According to the announcement, the provider has partnered with the Panamanian company Cryptobuyer, and Simple TV’s landing page now shows the option to pay via cryptos.
Customers can send their payments in Bitcoin (BTC), Dash (DASH), Litecoin (LTC), Ethereum (ETH), Binance Coin (BNB) and Binance Dollars (BUSD). Also, users can pay with Cryptobuyers native XPT token.
Simple TV, owned by a Chilean mutual fund, offers over 300 TV channels from major networks such as ESPN, HBO and Disney. With this addition, the satellite television operator expects to “increase the use of cryptocurrencies across Venezuela”.
Jorge Farías, CEO of Cryptobuyer, told Contrapunto that crypto payments would allow TV providers like Simple TV to expand their reach significantly:
Simple TV is known to reach the most remote places in the country. Imagine the importance of this if it offers the possibility of accessing its service in, for example, inland locations without having a dollar account or being dependent on an intermediary. It is an important step that pays off even for the ability to access the entertainment and information required of detention.
Simple TV acquired Directv’s portfolio in Venezuela after the American satellite television operator ceased operations in the nation and became the main operator.
The introduction of cryptos in Venezuela is increasing in all branches
The South American country – known for its difficult economic and political situation – has actively witnessed the crypto acceptance in shops and service providers.
Bitcoin.com News reported last year that all Pizza Hut locations in Venezuela accept a wide range of cryptocurrencies, including Bitcoin.
What do you think of Venezuelans’ ability to pay satellite TV bills in cryptocurrencies? Let us know in the comments below.
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