AMC’s rival movie theater chain Regal announced on Tuesday morning that all US movie theaters will accept cryptocurrency payments for online transactions through a partnership with digital payments firm Flexa. Customers will be able to purchase movie tickets with cryptocurrency and use the app at concession stands.
List of cryptocurrencies Regal will accept as payment options; Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE) and Litecoin (LTC) Besides the USDC, DAI and Gemini dollar (GUSD) It is significantly more comprehensive than AMC as it also includes stablecoins such as Platform’s payment options Basic Attention Token (BAT), Cosmos (ATOM), Chainlink (LINK) etc. Includes altcoins.
With this move, Regal follows in the footsteps of AMC Theaters, the largest movie theater chain in the US, which said in early November it will accept Bitcoin, Ether and other cryptocurrencies for online payments.
The chain also plans to add rewards functionality for members of the Regal Crown Club loyalty program and potentially bring more crypto payment options in the future, including Bitcoin’s Lightning Network.
Regal, a US subsidiary of UK-based Cineworld Group, operates 6,885 screens in 514 venues in 42 states, along with Washington, DC and Guam.
Ken Thewes, Regal Marketing Manager, commented on the partnership:
“This exciting partnership enables us to accept digital currencies including Dogecoin, stablecoins and Bitcoin in our cinema space simply, completely contactless, easily and seamlessly.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.