Photo: Patrick T. Fallon/Bloomberg
Regal, a subsidiary of the Cineworld Group and operator of one of the largest movie theater chains in the United States, announced a partnership with Flexa to unlock access to digital currency payments for patrons around the world.
Regal, which owns more than 500 cinemas, is committed to helping visitors easily pay for movie tickets, popcorn, and more using a wide range of digital currencies—from bitcoin and ether to dogecoin and Dai—all instantly and with zero risk of fraud, according to Flexa's announcement.
Realizing that digital assets are a fast-growing and increasingly important form of value, Regal offers more convenience and choice for moviegoers than ever before. Through a partnership with Flexa, Regal provides instant payments using dozens of digital currencies such as:
- Cryptocurrencies including bitcoin (BTC), ether (ETH), litecoin (LTC), and dogecoin (DOGE);
- Digital dollars and stablecoins including USD Coin (USDC), Dai (DAI), and Gemini dollar (GUSD); and
- Digital tokens including LINK, ATOM, Basic Attention Token (BAT), and much more.
Through the Flexa network, Regal accepts these new currencies in a safe, reliable, and trusted way. In theaters, Flexa is working to help Regal provide more efficient payments for as many different assets and across as many different protocols as possible (including the Lightning Network).
"Regal is committed to being 'The Best Place to Watch a Movie.' 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," said Ken Thewes, Chief Marketing Officer at Regal. "This exciting partnership enables us to easily and seamlessly accept digital currencies—including dogecoin, stablecoins and bitcoin—across our theater 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."
"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, "said Trevor Filter, co-founder of Flexa. "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."
© 2021, Eva Fox | Tesmanian. All rights reserved.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.