The largest chain of theatres in Thailand namely ‘Major Cineplex’ has recently announced that it would be providing crypto payments options for its customers. The company further stated that it’s integrating digital payment gateways into its regular payments system. The crypto community is to get benefits from this as after the Thai Securities and Exchange Commission has recently began regulating business.
As per news report from a local media, The theatre company mentioned its partnership with ‘Rapidspay.’ Rapidzpay is a decentralized payment gateway to make payments simple, fast, and hassle-free.
According to a report from Forbes:
“Major Cineplex has currently 143 theatres throughout Thailand on its website, 43 of which are in the Bangkok area. The group owns “678 screens, including 7 in Cambodia and 9 in Laos, and plans to expand to 1,000 screens by 2020.”
This new system of payment in Thailand was introduced after the recent crypto regulation implementations by the Thai SEC, where the crypto operators in the country were allowed to deal in Seven cryptocurrencies namely Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, Ripple and Stellar.
The users can use Rapidzpay application on their mobile to accept cryptocurrencies as well as fiat currencies. Major Cineplex further stated:
“This partnership of deal will integrate cryptocurrency payments into established payment gateways to make payment for products and services more seamless, secure and efficient.”
As per the marketing director at Cineplex Group ‘Chanya Tamrongweenichai’ stated this collaboration, addressing the community as:
“Now You’ll be able to buy any services and products from us, such as movie tickets, popcorn and other different products with cryptocurrency.”