Regal Cinemas will offer a greater range of cryptocurrencies and tokens for payment. The company said that it is partnering with Flexa to offer instant payments in cryptocurrencies including Bitcoin, Ether, Litecoin and Dogecoin. It will also accept digital dollars and stablecoins including SD Coin, Dai and Gemini. Digital tokens including LINK, ATOM and BAT will also be charged for payment of movie tickets and snacks.
The facility will be available for approximately 6,880 screens in Regal Cinemas’ more than 510 theaters in 42 states in the US. Customers will be able to link their Regal Crown Club loyalty account for rewards when they pay for movie tickets with the Flexa app. Ken Thewes, Chief Marketing Officer, Regal Cinemas, said, “This partnership will allow us to more easily accept cryptocurrencies, including Bitcoin, and add convenience to our customers.”
Trevor Filter, co-founder of Flexa, said, “We are thrilled to partner with Regal Cinemas. We are working on making payments easier in digital currency for movies and more. This will allow for payment in movie theaters. Bringing in the modern way will help.”
Earlier, competitor AMC of Regal Cinemas had said that online payment for tickets for its movie theaters can be done with Bitcoin, Ether, Bitcoin Cash and Litecoin. AMC will also include Shiba Inu and Dogecoin in this list.
The government’s stand on cryptocurrencies in America has so far been tough and has indicated to enact a law for it. However, in the past few months, many US companies have started accepting payments for products and services in cryptocurrencies.