• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Crypto Comes To Cinema; Thailand’s Movie Theatre To Accept BTC For Payments
Thailand

Crypto Comes To Cinema; Thailand’s Movie Theatre To Accept BTC For Payments

March 11, 2021 by Sahana Kiran

The crypto industry has thrived from merely being associated with the dark web to a trillion-dollar industry. Currently, the overall market cap of the cryptocurrency industry was noted at $1.67 trillion. While the crypto-verse is making its way onto $2 trillion, platforms across the globe have started to express interest in the market.

Crypto, particularly Bitcoin has time and again been condemned for its volatile nature. This had further urged the community to label BTC as a “store-of-value” asset as opposed to a means of payment. However, a Thai cinema chain seems to be diminishing these conventions by incorporating the king coin into their payment system.

Crypto Catches The Eye Of Thailand’s Largest Cinema Chain

An array of countries have become more accepting of Bitcoin, just when its price started skyrocketing. Thailand’s prominent theatre chain, Major Cineplex Group decided to take things up a notch by inducing Bitcoin as their latest method of payment.

The platform revealed that a pilot project would act as a medium for the users to pay to watch movies in Bitcoin. While Major Cineplex Ratchayothin is the first platform to do so, about 39 other theaters across the country are said to entail this service by the end of the year.

Crypto

Those who intend to use this mode of payment would be required to download the Rapidz app. A local news portal further reported,

“Movies at E-Ticket vending machines by clicking on the movie and seat position you want, then choose to use E-Wallet and select Rapidz, after choosing to use with Rapidz, there will be a QR Code on the screen for customers to scan for use. Digital currency exchange for movie tickets, after pressing confirm, the kiosk will print out an E-Ticket and customers can use it to watch movies immediately.”

This could be a major plunge for Bitcoin in terms of adoption in the country. While the country’s financial watchdogs based the trading of crypto on the income of citizens, the agency amassed extreme backlash for the same.

Filed Under: News, Altcoin News, Bitcoin News, World Tagged With: Thailand

Primary Sidebar

Recent Posts

  • Uniswap [UNI] Garners Maximum Gains While Bears Haunt The Crypto Market April 23, 2021
  • Is Ethereum a Better Asset Allocation for Performance Right Now? April 22, 2021
  • Turkish Crypto Exchange Users Succumb to Losses After CEO Absconds April 22, 2021
  • Tron [TRX] Bulls Stagnate Near $0.12 After Remarkable Comeback April 22, 2021
  • Bitcoin To Encounter “Major Correction” Warns Guggenheim’s Scott Minerd April 22, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.