Netflix to be the next big company to accept Bitcoin

Netflix Bitcoin

First Overstock and then TigerDirect, more online companies seem to accept Bitcoins as an official payment method and all though there are still many big companies that haven’t, streaming website Netflix with over 40 million subscribers is planning on starting accepting Bitcoins as payment method for its monthly subscription fee. You can  buy bitcoin with a debit card too.

The information was leaked by Max Keiser who previously announced that Zynga will start accepting Bitcoins, which turned out to be accurate.

 

 

It is not only great that Netflix will start accepting Bitcoins, but it could also drastically change the revenue model it currently has. Since bitcoins can be divided into smaller BTC and have no transaction costs, they could start charging users for “pay per view”. If watching a movie costs $0.02 or 0.000021BTC you will only be charged if you watch the entire episode and make the transaction in a matter of seconds. The combination of fast and cost-free transactions that could make this revenue model work for Netflix.

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