Regal, a subsidiary of Cineworld Group, has announced that it has partnered with Flexa to accept crypto payments at its 500+ theatres in the US. Now tickets, popcorn and more will be available for purchase via Bitcoin, Ethereum, Litecoin, Dogecoin and many other cryptocurrencies, stablecoins and tokens.
Summary
Regal teams up with Flexa to accept crypto in its theatres
Flexa is proud to share that @RegalMovies is now accepting $BTC, $DOGE, $LTC, $LINK, and more for tickets, popcorn, and snacks at the box office! https://t.co/Tgqqdf1L4L
— Flexa (@FlexaHQ) November 23, 2021
“Flexa is proud to share that RegalMovies is now accepting BTC, DOGE, LTC, LINK, and more for tickets, popcorn, and snacks at the box office!”
With its 7,000 screens in more than 500 theatres, Regal will reportedly accept dozens of cryptocurrencies for the purchase of movie tickets, popcorn, and more.
Specifically, the crypto assets mentioned in the announcement are Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Dogecoin (DOGE). But also stablecoins including USD Coin (USDC), Dai (DAI), and Gemini dollar (GUSD). And finally, tokens including LINK, ATOM, Basic Attention Token (BAT), and more.
This service is the result of a collaboration between Regal and Flexa, one of the leading fraud-proof payment networks.
Through Flexa-enabled apps, guests will also be able to link their Regal Crown Club loyalty account for special rewards. At the moment, Flexa is also working to involve other payment protocols such as Lightning Network.
Theatres and crypto payments in the US: comments from Regal and Flexa
In the US, this combination of theatres and crypto payments seems to have become a trend. Regal and Flexa Chief Marketing Officer Ken Thewes said of Regal:
“As more of our customers demand digital asset solutions and safer payment methods, we are grateful to have found a partner in Flexa, a company that is revolutionizing digital payments with cutting-edge software and an innovative business platform. This exciting partnership enables us to easily and seamlessly accept digital currencies — including dogecoin, stablecoins and bitcoin — across our theatre footprint in a simple and completely contactless way, providing our guests with the flexibility and safety they deserve as we embark on a new era”.
Trevor Filter, co-founder of Flexa also commented on the partnership:
“Flexa is committed to helping merchants enable easier, faster, and safer payment options for their customers, and that’s just one of the reasons we’re incredibly proud to work with Regal, whose dedication to creating an enjoyable and widely accessible cinematic experience for their loyal patrons is second to none. We’re very pleased to partner with Regal as we work to enable universal digital currency payment options for movies and more, and help bring the future of payments to cinema”.
The case of AMC and payments in Dogecoin and Shiba Inu
Regal is not the only cinema chain in the country that is adopting cryptocurrencies. Earlier this month, AMC started accepting Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) for the purchase of movie tickets online.
Thus AMC with over 900 theatres and more than 10,000 movie theatres would then include among the crypto accepted as payment also the crypto-meme par excellence Dogecoin (DOGE) and then its ”killer”, Shiba Inu (SHIB).
The latter two, first DOGE and then SHIB, were reportedly integrated after AMC CEO Adam Aron asked his audience on Twitter what they thought. The two polls came back affirmative and following confirmation that AMC would accept DOGE, SHIB was also confirmed last week.
