Regal – a movie operator having over 500 locations and 7,000 screens in America – has disclosed details of its alliance with Flexa, to introduce crypto-enabled payment for movie tickets, food, and beverages.
Specifically, via the freshly formed alliance, Regal will reportedly roll out supporting features for payments carried out in a vast array of coins and tokens, nominally Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Doge (DOGE), USD Coin (USDC), DAI (DAI), Gemini Dollar (GUSD), Chainlink (LINK), Cosmos (ATOM), Basic Attention Token (BAT) and more.
Flexa has reportedly generated a reputation for its expertise in guaranteeing payments for real-world applications. When the activity hits its peak on blockchains such as BTC or ETH, the verification process for transactions may require hours or days.
Flexa – taking advantage of the market value of its underlying ERC-20 token Amp as collateral – is reportedly confident that it can make sure that the transactions it carries out will never fail to finalize.
Meanwhile, a reward will be awarded to Amp token holders for putting their capital at risk.
“This exciting partnership enables us to easily and seamlessly accept digital currencies […] 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.” Ken Thewes, chief marketing officer at Regal, reportedly delivered further remarks regarding the news.
“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 the cinema.” Trevor Filter, the co-founder of Flexa, also shared his comments on the newly formed partnership.
Regal will not be the pioneering theatre chain in the US to add crypto to the list of viable payment measures. In November, movie chain heavyweight AMC also started supporting BTC payment for buying movie tickets online.