Venezuela's largest satellite TV provider starts accepting bitcoin

Charlie Taylor

With more than 300 channels, including HBO, ESPN and Disney, Simple TV started accepting payments in bitcoin, dash, litecoin, ether, BNB and stablecoin USDT. The company also launched its own token, XPT as a form of payment. The information was confirmed through the social networks of the company that intends to further increase the number of cryptography users in the country. “It is known that Simple TV reaches the most remote places in the country, imagine the importance of this, when it allows the possibility of accessing its service in rural areas, for example, without having to have a dollar account or having to depend on an intermediary. It is an important step that pays even for the possibility of access to entertainment and information, even more, required by the confinement. ”Simple TV, from a Chilean investment fund, took the place of the North American provider Direct TV, which closed operations in the parents.

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Accelerated use of bitcoin

Venezuela is experiencing several economic problems, one of which is hyperinflation, which reached 3,000% in the last 12 months, according to Bloomberg's Index Cafe con Leche. With such a devaluation, Venezuelans started using other currencies and even crypto; According to Ecoanalitica, 66% of transactions in the country are fairs in foreign currencies; Only in Caracas, the country's capital, there are 300 businesses that accept bitcoin cash cryptocurrency. Also read: Paypal will launch today service for businesses to accept bitcoin, cryptocurrency soar

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