Re: Netflix Executive Wants Bitcoin as Global Currency, Considers It Cost-Effective
Isn't this old news? and netflix haven't started accepting bitcoin yet. 
That's what I thought too. I seem to remember this being mentioned a relatively long time ago.
Netflix "opened the possibility of accepting Bitcoin payments" on January 6th, but I couldn't find an option to pay with them on the Netflix website yet.
https://cointelegraph.com/news/netflix-opens-to-bitcoin
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On January 6th, during the Citi 2016 Internet, Media & Telecommunications Conference, Netflix CFO David Wells opened the possibility for Netflix to accept Bitcoin payments.
Like so many other businesses, Netflix relies on people not being bothered enough to cancel their subscription. If I had to manually do it every month I'd certainly think twice. I wonder how they plan to get around that little bit of psychology.
Netflix would probably use the same prepay system for Bitcoin that it has for gift cards. It deducts the monthly charge from a gift card balance each month, and I assume stops providing films to anyone with an empty balance. For Bitcoin it could ask for payment once a month, then stop providing films to anyone who doesn't pay.
Although Netflix relies on people not being bothered enough to cancel their debit card subscription it seems to terminate gift card subscriptions when a gift card stops paying.
https://help.netflix.com/en/node/24928?catId=en%2F130
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Netflix Gift Cards in Asia-Pacific
You can use Netflix Gift Cards to prepay for a Netflix subscription or to give as a gift to friends, family, teachers, and more. These gift cards are available at most major retailers in the following Asia-Pacific countries:
Australia and Japan.
You can purchase a Netflix Gift Card at many retail locations, and apply the gift card to your new or existing Netflix account. We will deduct the appropriate amount from your gift card balance based on the plan you've chosen. If you're new to Netflix and haven't had an account before, you will receive a free month of service, in addition to the amount of the gift card. After the free month, we will start to deduct the monthly charge for your plan from your gift card balance.
You can use Netflix Gift Cards to prepay for a Netflix subscription or to give as a gift to friends, family, teachers, and more. These gift cards are available at most major retailers in the following Asia-Pacific countries:
Australia and Japan.
You can purchase a Netflix Gift Card at many retail locations, and apply the gift card to your new or existing Netflix account. We will deduct the appropriate amount from your gift card balance based on the plan you've chosen. If you're new to Netflix and haven't had an account before, you will receive a free month of service, in addition to the amount of the gift card. After the free month, we will start to deduct the monthly charge for your plan from your gift card balance.