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How You May Soon Be Able To Buy iPhone With Bitcoin, Dogecoin

By Shanthi Rexaline

Apple, Inc. (NASDAQ:AAPL) could be a long way from selling its products and services in exchange for cryptocurrency payments but a telecom company is working on letting you buy an iPhone with your favorite crypto.

Satellite TV and wireless networking service DISH Network Corporation (NASDAQ:DISH) brought up the possibility of buying the latest gadgets with crypto or DeFi  assets at its analyst event held in Las Vegas on Tuesday, the Verge reported.

Dish-owned Boost Mobile's CEO Stephen Stokols delved into the company's new postpaid wireless plan, dubbed Boost Infinite, due to be launched this fall. Stokols suggested two things that could sound music to the ears of crypto lovers.

He reportedly raised the possibility of customers buying the latest iconic devices such as iPhones with digital currency, including cryptos like Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE).

Stokols went a step further to suggest that you could get paid back for the unused data in digital currency.

"Imagine if there was a wireless carrier that embraced digital acceleration, the web 3.0 trends, to reshape the entire wireless experience. Or imagine if you could turn your unused data into a real digital currency," the CEO reportedly said.

Earlier this month, Dish Network commercially launched its 5G wireless service, called Project Genesis, in Las Vegas, offering a $30-a-month plan that promises unlimited data, text and calling plan. The company is also giving out a Motorola Edge+ phone to use on the network. It plans to roll out this service in 120 cities in June, Bloomberg reported.

Read more of Benzinga's Consumer Tech-oriented coverage here.

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Dive Deeper:
If You Invested $100 In Bitcoin, Ethereum And Dogecoin 5 Years Ago, Here's How Much You'd Have Now
Investors who have put money into major U.S. indices have enjoyed respectable returns over the past 5 years.
Morning Brief: Top Financial Stories Dominating on Tuesday, May 10
Reuters US Trucking Downturn Threatens Autonomous Operators like Uber Freight
The V.A. Bought 10,000 iPhones for Veterans. 8,544 of Them Were Never Used.
The department lost nearly $2.4 million on data plans for iPhones and iPads that sat in storage.
Coinbase CEO says UPI payments suspended due to 'informal pressure' from RBI
In a strong-worded response, Coinbase CEO Brian Armstrong said, 'India is a unique market, in the sense that the Supreme…
One subscription that gives you access to news from hundreds of sites
‘Nothing positive’: Salvadorans struggle to adapt to Bitcoin
The country’s audacious attempt to break free of the Western financial system has run into some bitter realities.
Crypto reckoning looms in Washington as investors lose billions
Industry leaders fear that the latest blow-up will provide ample fodder for powerful skeptics
Get all your news in one place