Major Cineplex Group has partnered with RapidzPay in order to enable people to pay with crypto for movie tickets and other ancillary services.
2 August, AtoZ Markets – The largest movie theatre chain in Thailand, Major Cineplex Group, is planning to soon accept cryptocurrencies as payments for movie tickets and other complementary services.
Soon, you Will Pay with Crypto for Movie Tickets in Thailand
People will soon be able to buy popcorn and movie tickets with cryptocurrencies at Major Cineplex Group, as per local media outlet reports. The largest movie chain has collaborated with the mobile application RapidzPay in a bid to allow its users to use cryptocurrencies to pay for services at the movie theatres.
The mobile application RapidzPay aims to deliver personal and corporate payment solutions via a decentralized Blockchain-based platform. In order for merchants to gather cryptocurrency payments, they need to integrate the RapidzPOS. Individuals are able to use the mobile application to buy any services with their cryptocurrency holdings.
Chanya Tamrongweenichai, the Director of Marketing at Major Cineplex Group has stated:
“With RapidzPOS and the RapidzPay mobile app, you’ll be able to buy any services and products from us, such as movie tickets, popcorn, and other different products with cryptocurrency. […] Also, we believe that RapidzPay will expand to our other businesses and lead the change for Thailand’s financial ecosystem to be cashless.“
It is still unclear which cryptocurrencies can be used for payment purposes.
Thailand Crypto Evolution
RapidzPay strives to aid increase the overall adoption and usage of cryptocurrencies via targeting one million active users in Thailand within the scope of next year. The company wants to attract new and existing cryptocurrency enthusiasts that are seeking a simple and user-oriented platform to make use of their cryptocurrencies. They will be able to seamlessly convert their fiat currencies into cryptos.
In the meantime, earlier last month, the Governor of Bank of Thailand has spoken about using Blockchain technology for various operations within the bank’s ecosystem. During his speech, Dr. Veerathai Santiprabhob has stated that the bank is considering using the nascent technology for cross-border payments, supply chain financing, and document authentication.
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