[2016-01-12]CCN-Netflix CFO: 'Sure Would Be Nice to Have Bitcoin' Payments

[tolikkk]

Bitcoin – a decentralized, truly global currency. Netflix – a streaming platform that just went global. Do both stand to gain by coming together?

One of the biggest stories of the 2016, so far, is Netflix’s global expansion that saw the streaming service reach a 130 new countries. The new rollout now sees Netflix beaming to a total of 190 countries, worldwide.

It’s a significant move. Millennial pirates the world over, those who were too young or unemployed to pay at one time, may now see Netflix as a good package deal, with the company’s extensive library and its much acclaimed and popular original programming. Global piracy is likely to see a fall due to Netflix that’s now available on computers, mobile devices, consoles and media streamers at a competitive price.

https://www.cryptocoinsnews.com/netflix-cfo-bitcoin/

[gentlemand]

I think his wording's a little more ambiguous than the headlines suggest. I think he's waiting for Bitcoin to become a truly global currency before it would properly turn him on. I can't imagine your average Namibian meeting some localbitcoins guy in a bar once a month so he can keep up his netflix subscription.

[mikewillda]

How do you pay bitcoin monthly to a service? Do you need a "bank" to hold your coins and do that for you?

[Kakmakr]

Why do they need a subscription service, if Bitcoin enables micro payments and affordable pay-per-view options? I would much rather pay a small fee per movie than having to pay a subscription monthly. The subscription is better for them, because they bargain on a predetermined budget.

This is one of the reasons why people pirate commercial content, they cannot afford the monthly subscriptions.

[gentlemand]

People can't afford $10 or so per month? I think they can pull it off. Subscriptions work because it's a dependable income and people often forget about them. Their content would be way harder to make if income was made up of billions of microtransactions that constantly ebb and flow.