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Regal to partner with Flexa to enable digital currency payments in theatres

November 23, 2021No Comments


On Tuesday morning, Regal, a movie operator of more than 500 locations and 7,000 screens in 42 states plus DC, Announced would partner with the digital payment network Flexa to allow its customers to pay with cryptocurrency for movie tickets, food and drinks. Regal will accept a wide variety of coins and tokens, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bulldog (DOGE), USD Currency (USDC), DAI (DAI), Gemini Dollar (GUSD), Chain Link (LINK), Cosmos (ATOM), Basic Attention Token (BAT) and more.

Flexa is known for its ability to guarantee payments for real world applications. At peak times on blockchains like BTC or ETH, verification of transactions can take hours or days. Leveraging the market value of your underlying ERC-20 Amp token as collateral, Flexa says it can guarantee that the transactions it handles always get through. Meanwhile, Amp token holders get a reward for putting their capital at risk.

Ken Thewes, Regal's chief marketing officer, had this to say regarding development:

This exciting partnership allows us to accept digital currencies easily and seamlessly. [...] through our theater footprint in a simple and completely contactless manner, providing our guests with the flexibility and security they deserve as we embark on a new era.

Trevor Filter, co-founder of Flexa, added:

We are excited 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.

Regal isn't the only movie theater chain in the country embracing cryptocurrencies. Earlier this month, AMC began accepting BTC for online movie ticket shopping. AMC's CEO also received overwhelmingly positive comments asking if customers wanted the company to accept Shiba Inu as payment in a Twitter poll.