Altcoin News

Regal partners with Flexa to enable crypto payments at movie theatres

American movie theatre chain Regal Cinemas has partnered with payments network Flexa to bring instant and risk-free cryptocurrency payments for moviegoers around the world.

By using the Flexa network, Regal can accept cryptocurrency payments due to its “guaranteed settlement, flexible integration options and fraud-proof architecture”, which is backed and collateralised by the network’s native token, AMP.

Through the partnership with Flexa, Regal is enabling instant payments using an array of leading cryptocurrencies including Bitcoin (BTC), Ether (ETH), Dogecoin (DOGE); stablecoins such as USD Coin (USDC) and Dai (DAI) and other altcoins such as Chainlink (LINK), Cosmos (ATOM) and Basic Attention Token (BAT).

Flexa is also working closely with Regal to enable better payments for “as many different assets and across as many different protocols” as possible, including the Lightning Network for faster Bitcoin payments.

Regal Cinemas – a subsidiary of the UK-based Cineworld Group – is one of the largest theatre chains in the US, boasting 7,000 screens across more than 500 theatres nationwide. According to the cinema chain, patrons visiting movie theatres can “easily pay for movie tickets, popcorn, and more using a wide variety of digital currencies” on an instant basis and “with zero risk of fraud”.

It added that by introducing and adopting digital currencies for payment in its theatres, it can offer “more convenience and choice for movie-goers than ever before”. Regal also revealed that patrons paying with Flexa-enabled apps will soon have the option to link their Regal loyalty account for “special rewards”.

Ken Thewes, Chief Marketing Officer at Regal, said that Regal remains committed to making itself ‘The Best Place to Watch a Movie’, and expanded further on the partnership with Flexa.

“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 revolutionising digital payments with cutting-edge software and an innovative business platform,” he said.

“This exciting partnership enables us to easily and seamlessly accept digital currencies–including Dogecoin, stablecoins and Bitcoin –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.”

Sean Dickens

An avid advocate of DeFi, Sean has been in the industry since 2017, studying the latest trends writing about cryptocurrencies. He studied Journalism and Media at Birkbeck University and now writes for Coin Rivet while being an active member of various communities in the crypto space - particularly NFTs.