Regal Cinemas to Accept Crypto for Tickets, Concessions
Moviegoers will be able to use bitcoin, dogecoin and other digital currencies.
Nov 23, 2021 at 2:00 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6S7PPMRBHRACPLZRUWCAIU6EAM.jpeg)
Signage is displayed on a Regal Cinemas movie theater in Oakland, California, U.S., on Tuesday, Oct. 6, 2020. More than 7,000 movie screens will be dark in the U.S. this weekend as the Regal theater chain said it will shut down all 536 locations on Thursday. Photographer: David Paul Morris/Bloomberg via Getty Images
Movie theater chain Regal will accept cryptocurrency as payment from customers through a partnership with digital payments firm Flexa, according to a statement Tuesday morning.
Regal said it will accept cryptocurrencies including bitcoin, ether, litecoin and dogecoin as payment for tickets and at its concession stands.
The company will also allow customers to pay with digital dollars and stablecoins, including USD coin, dai and Gemini dollar. In addition, tokens such as LINK, ATOM and BAT will be accepted.
Regal follows AMC Theatres, the largest movie theater chain in the U.S., which earlier this month said it would accept bitcoin, ether and other cryptocurrencies for online payments.
Regal, a U.S. subsidiary of U.K.-based Cineworld Group, has 6,885 screens in 514 theaters in 42 states along with Washington, D.C., and Guam.
“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,” Regal Chief Marketing Officer Ken Thewes said.
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Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.
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