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Topic: Netflix Executive Wants Bitcoin as Global Currency, Considers It Cost-Effective - page 2. (Read 2971 times)

legendary
Activity: 3472
Merit: 10611
if Netflix and other internet giants like them start warming up to bitcoin we can start expecting so much more price because of the adoption these type of sites would bring to bitcoin. there are already millions of users on these sites that many of them are paying to be there and these can go through bitcoin.

i just hope block size can handle this number when comes the time.
legendary
Activity: 1400
Merit: 1001
For instance, users from underbanked countries such as Argentina and India or users under the age of 18 that illegible for bank and credit card applications can purchase a variety of gift cards from physical locations such as gasoline stations and convenience stores to pay for Netflix services.
Finally someone mentioned and admit that standard FIAT payments can be more crooked and problematic that cryptocurrency payments.

Netflix is actively looking into Bitcoin payments due to increasing cases of fraud and criminal activity revolving around gift and prepaid card payments.
This kind of fraud will continue as long as credit card will be used.  Carding is so popular and hard to deal with that bitcoin might be a real solution this time.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
I'm so excited to see this thread and this is one of the best good news I have seen on this forum so far. I can't wait for the Netflix to endorse bitcoin Smiley
You can see the previous page if someone is already mentioning about some news if Netflix is already accepting bitcoin payment but there is no more clarification about that. and I guess it's so vague for me. try for read before make any posted.
sr. member
Activity: 434
Merit: 250
Bitcoin or other crypto payment coins would definitely enable people from emerging markets to make online payments,
as long as there was some sort of service for them to convert their fiat currency to electronic coin.
This will still be a barrier, but it provides a huge opportunity for a company based in some of those areas.
hero member
Activity: 1834
Merit: 566
I'm so excited to see this thread and this is one of the best good news I have seen on this forum so far. I can't wait for the Netflix to endorse bitcoin Smiley
hero member
Activity: 2786
Merit: 657
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Seems like netflix soon gonna start accepting bitcoin which will be really nice news for all of us actually to the users from countries where paypal like payment processors are restricted as well as don't have any working international visa/mastercard debit cards. Streaming of netflix should be expanded to meet users from all around the world and allowing bitcoin can be one way for netflix to achieve this worldwide coverage.

Isn't this old news? and netflix haven't started accepting bitcoin yet.  Shocked

Well yes they haven't, i am sure they still think about that. It took long time for steam to accept bitcoins so that's nothing strange that netflix takes some time to start accepting them
thinking from many aspects,factor,and how good it is for the business,indeed time is needed before netflix fully implement bitcoin officially,there's nothing wrong if a huge company thinking about their movement,and yeah it's also happening to the steam
I think you're right cos netflix is a company with good reputation and they will not to loose their reputation. Therefore,we all have home work to do cos bitcoin catch the attention of netflix thru cryptoners.
hero member
Activity: 1302
Merit: 540
This is a very good news to bitcoin, like everybody here speculates bitcoin will never go down, now you should believe in bitcoin more as you can see everyday we hear good news about bitcoin adoption. Bitcoin is moving toward main stream of adoption.
and theirs a lots more to come as it is really moving good in the main stream im looking forward to adopt in any aspect of the web
so we can enjoy many things using our beloved btc.
sr. member
Activity: 2030
Merit: 323
This is a very good news to bitcoin, like everybody here speculates bitcoin will never go down, now you should believe in bitcoin more as you can see everyday we hear good news about bitcoin adoption. Bitcoin is moving toward main stream of adoption.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
It would be cool to be able to buy movies and series with bitcoin, there is a big market there to be made because there is a lot of people that always travel and currency changes in countries are annoying as hell, with bitcoin you can bypass all of that.

Video on demand, streaming and Bitcoin would indeed fit perfectly.
This is the same with almost any digital good and services which can be bought or rented.
In a few years it will be normal behaviour to use crypto currencies, and hopefully Bitcoin as the main one, for online purchases.

Not only will it apply in the subscription based video/audio streaming businesses, but this type of subscription based business model might even be applied successfully to online poker and online sports betting. Instead of collecting money from the users thru the rake or the vig, the users can pay the gambling site ahead of time thru a monthly or yearly subscription. This could make it cheaper for the more active gamblers and it is also an opportunity for the online bookies to offer better odds because there is no vig.
In a way something like what you are describing is happening already, since the bitcoin casino industry is flourishing since they can accept customers from all over the world and their users don’t have to worry about possible legal repercussions on their countries.
legendary
Activity: 3500
Merit: 2246
🌀 Cosmic Casino
Why would the netflix executives wants bitcoin as a global currency since netfilx is a US based business model and you cannot subscribe to netflix without a US based VPN if you are not from the US,so i dont understand the logic behind it .

According to Netflix, it is available in every country except China, Crimea, North Korea and Syria.
oh i didnt know that netflix was available elsewhere,i thought you can view only with an US based IP

I thought so too several months ago but what I didn't know is that the situation have changed significantly in 2016 when it had become available everywhere worldwide outside of Mainland China, Syria, North Korea and the territory of Crimea. So no need of using VPN to stream Netflix anymore.

Btw a friend of mine told me that you can buy a lifetime Netflix account for a fraction of a US Dollar in BTC on a Darknet market. So whether the Netflix CEOs are aware of this or not people are already buying Netflix accounts for BTC.
legendary
Activity: 2898
Merit: 1823
It would be cool to be able to buy movies and series with bitcoin, there is a big market there to be made because there is a lot of people that always travel and currency changes in countries are annoying as hell, with bitcoin you can bypass all of that.

Video on demand, streaming and Bitcoin would indeed fit perfectly.
This is the same with almost any digital good and services which can be bought or rented.
In a few years it will be normal behaviour to use crypto currencies, and hopefully Bitcoin as the main one, for online purchases.

Not only will it apply in the subscription based video/audio streaming businesses, but this type of subscription based business model might even be applied successfully to online poker and online sports betting. Instead of collecting money from the users thru the rake or the vig, the users can pay the gambling site ahead of time thru a monthly or yearly subscription. This could make it cheaper for the more active gamblers and it is also an opportunity for the online bookies to offer better odds because there is no vig.
legendary
Activity: 1442
Merit: 1016
It would be cool to be able to buy movies and series with bitcoin, there is a big market there to be made because there is a lot of people that always travel and currency changes in countries are annoying as hell, with bitcoin you can bypass all of that.

Video on demand, streaming and Bitcoin would indeed fit perfectly.
This is the same with almost any digital good and services which can be bought or rented.
In a few years it will be normal behaviour to use crypto currencies, and hopefully Bitcoin as the main one, for online purchases.
legendary
Activity: 1358
Merit: 1014
It would be cool to be able to buy movies and series with bitcoin, there is a big market there to be made because there is a lot of people that always travel and currency changes in countries are annoying as hell, with bitcoin you can bypass all of that.
hero member
Activity: 644
Merit: 500
good information and good news
if netflix support payment use bitcoin
but until now this my country not support payment use bitcoin
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
Seems like netflix soon gonna start accepting bitcoin which will be really nice news for all of us actually to the users from countries where paypal like payment processors are restricted as well as don't have any working international visa/mastercard debit cards. Streaming of netflix should be expanded to meet users from all around the world and allowing bitcoin can be one way for netflix to achieve this worldwide coverage.

Isn't this old news? and netflix haven't started accepting bitcoin yet.  Shocked

Well yes they haven't, i am sure they still think about that. It took long time for steam to accept bitcoins so that's nothing strange that netflix takes some time to start accepting them
thinking from many aspects,factor,and how good it is for the business,indeed time is needed before netflix fully implement bitcoin officially,there's nothing wrong if a huge company thinking about their movement,and yeah it's also happening to the steam

Steam also took long time to accept bitcoin after the information got leaked to public.
I think regulation is the reason why companies need time to provide bitcoin as payment solution since some countries have specific rules for bitcoin usage.

the information you are talking about was not leak or anything like that. before steam telling the public they are accepting bitcoin they sent Email to their developers (literary anybody who has ever made anything for steam community shops) and told them we are going to accept bitcoin and one of those recipient of that email shared the email with public.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Seems like netflix soon gonna start accepting bitcoin which will be really nice news for all of us actually to the users from countries where paypal like payment processors are restricted as well as don't have any working international visa/mastercard debit cards. Streaming of netflix should be expanded to meet users from all around the world and allowing bitcoin can be one way for netflix to achieve this worldwide coverage.

Isn't this old news? and netflix haven't started accepting bitcoin yet.  Shocked

Well yes they haven't, i am sure they still think about that. It took long time for steam to accept bitcoins so that's nothing strange that netflix takes some time to start accepting them
thinking from many aspects,factor,and how good it is for the business,indeed time is needed before netflix fully implement bitcoin officially,there's nothing wrong if a huge company thinking about their movement,and yeah it's also happening to the steam
hero member
Activity: 2786
Merit: 657
Want top-notch marketing for your project, Hire me
This is a good news for all cryptoners and let keep fingers cross, hope and wishing btc will be global currency Smiley
hero member
Activity: 672
Merit: 500
Seems like netflix soon gonna start accepting bitcoin which will be really nice news for all of us actually to the users from countries where paypal like payment processors are restricted as well as don't have any working international visa/mastercard debit cards. Streaming of netflix should be expanded to meet users from all around the world and allowing bitcoin can be one way for netflix to achieve this worldwide coverage.

Isn't this old news? and netflix haven't started accepting bitcoin yet.  Shocked
It is great but if Netflix is serious about that then first they should make a deal with bitcoin that you can also use bitcoin t pay your membership on Netflix. I am sure that Netflix wants this to happen so that more people around the world can make use of Netflix.
They can then pay with Bitcoin if the currency in there country is not accepted.
hero member
Activity: 2996
Merit: 536
Leading Crypto Sports Betting & Casino Platform
The netflix executive are need updating about their news....  Tongue seems like the executive class are not trying for opening their browser until this time and lack of the updating the latest news about bitcoin....  Cheesy
legendary
Activity: 1288
Merit: 1087
oh i didnt know that netflix was available elsewhere,i thought you can view only with an US based IP

nope. you can watch it in most countries you wash up in. the same account will allow you to access the local version worldwide.

the main problem is that the American version has way, way more content than most other countries due to licensing. most people were hacking their dns to watch the American version from abroad. Netflix are now wise to that and are trying to stop it.
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