Netflix already accepts payments in some local currencies, for example in India, Philippines,Indonesia, Malaysia, Vietnam, Thailand, Singapore, Taiwan and Hong Kong, because governments there impose restrictions that restrain the adoption of credit cards for international transactions.

Netflix vs. Competitors

This could be a good reason for Netflix to adopt bitcoin all around the world; and keep in step with and beat competitors such as Dish Network and Lionsgate that already accept bitcoin.

On May 2014 Dish Network, a domestic U.S. pay-TV provider, announced the acceptance of bitcoin on their platform.

"DISH delivers choice and convenience to our customers with our award winning technology, and we think that innovative approach should be matched in how our customers can pay their bill. Embracing technology also means having a meaningful relationship with tech-enthusiasts, and accepting bitcoin certainly helps us connect with a forward-thinking consumer", said a Dish spokesperson.

And Dish Network works toghether with Coinbase to provide this service: "Our partnership with Coinbase made Bitcoin's introduction easy for us to implement. Because of this simplicity, we saw Bitcoin as a way to continue delivering high-quality customer service to a segment of our customers and potential customers", she continues, "Customers can pay on mydish.com, DISH's online personal account portal, or right from their Hopper Whole-Home HD DVR. They simply choose to pay with bitcoin for a one-time payment. While we've selected Coinbase as ourpayment processor for bitcoin transactions, customers can use the bitcoin wallet of their choice".

SiamoSoci CEO and BlockchainLab member Dario Giudici commented:

"I think bitcoin and the blockchain represent the largest digital revolution after the Internet. The revolution is not only the digital money, but also the technology behind because it has a significant impact in many areas of our daily life, including the movie industry. If you think about it, our life is a continuous transaction: payments, contracts, etc. The blockchain allows a seal of authenticity on transactions. And this is the reason why, for example, it can solve the problem of movie piracy".