Whether you’re a bitcoin believer, or remain a staunch skeptic of cryptocurrencies, most experts are now saying it’s more a matter of when, not if, the media industry will embrace digital cash systems. Our advice? If your company decides to take the crypto plunge, conduct a lot of due diligence and very carefully develop a plan for how your company will integrate crypto into its transactions.
Facebook is banning all advertisements for cryptocurrency, including Bitcoin and initial coin offerings, as part of an “intentionally broad” policy against deceptive marketers. Product Management Director Rob Leathern says the decision isn’t permanent, though, and that Facebook will revisit the rules when it’s gotten better at detecting and removing bad ads.
Dish Network will begin letting its subscribers pay their bills with bitcoins later this year, the company said on Thursday. The satellite TV giant will be the first subscription pay-TV provider to make the move and one of the biggest companies to begin accepting the currency to date.