Regal has teamed up with Flexa to support virtual currency payments for movies and more.
Using Flexa, Regal patrons are able to purchase tickets and concessions using dozens of digital currencies at more than 500 theatres.
Regal, which operates as a subsidiary of Cineworld Group and the operator of one of the largest and “most geographically diverse” theatre circuits in the US, has announced that it has teamed up with Flexa, the pure-digital payments network, to “unlock access to digital currency payments for patrons around the world.”
Today, across its entire footprint of almost 7,000 screens in over 500 theatres, Regal is helping patrons to pay for movie tickets, popcorn, and more using “a wide variety of digital currencies — from Bitcoin and Ether to Dogecoin and Dai — all instantly and with zero risk of fraud.”
The announcement also mentioned that Regal understands that digital assets are a fast-growing and important form of value. By adopting virtual currencies for payment in its theatres, Regal is providing more convenience and choice for movie-goers.
Via its partnership with Flexa, Regal is enabling instant payments using dozens of digital currencies, such as:
- Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE);
- Digital dollars and stablecoins including USD Coin (USDC), Dai (DAI), and Gemini dollar (GUSD); and
- Digital tokens including LINK, ATOM, Basic Attention Token (BAT), and much more.
Via the Flexa network, Regal is accepting these new digital currencies in a safe, reliable, and trusted manner.
Flexa’s “guaranteed” settlement, flexible integration options, fraud-proof architecture, and breadth of currency and payment options “solve enduring challenges and points of friction that are currently hindering the widespread adoption of digital assets”
In theatres, Flexa is working to help Regal “enable better payments for as many different assets and across as many different protocols (including the Lightning Network) as possible.”
For instance, when paying at Regal with Flexa-enabled apps, guests will soon have “the option to link their Regal Crown Club loyalty account for special rewards.”
Ken Thewes, Chief Marketing Officer at Regal.
“Regal is committed to being ‘The Best Place to Watch a Movie.’ 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 revolutionizing digital payments with cutting-edge software and an innovative business platform,”
Thewes added:
“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.”
Trevor Filter, co-founder of Flexa, noted:
“Flexa is committed to helping merchants enable easier, faster, and safer payment options for their customers, and that’s just one of the reasons we’re incredibly proud to work with Regal, whose dedication to creating an enjoyable and widely accessible cinematic experience for their loyal patrons is second to none.”