According to a statement published by the corporation. On Friday on X (which was formerly Twitter), BitPay, a renowned crypto payment service provider. Will act as a facilitator for the film’s cryptocurrency tie-in. A prior partnership between BitPay and the theater company AMC made it possible to purchase movie tickets smoothly using cryptocurrencies. Fans can take advantage of this payment choice by going to the AMC website or using the mobile app. Selecting BitPay as their payment method during the checkout process.
Customers can pay for tickets with various cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Shiba Inu. Also accepted are Bitcoin Cash, Litecoin, and XRP. AMC made history when it negotiated the film’s release in its theaters directly with Taylor Swift. Which was a pivotal moment in developing the “Eras” film. As a result, AMC played an essential part in the film’s voyage. AMC was able to win an exclusive arrangement by avoiding.
Consequently, Taylor Swift will collect an astounding 57% of the revenue from ticket sales. A significant percentage that is highly uncommon in the entertainment sector. Which has been experiencing difficulties due to strikes by the Hollywood Writers’ Guild and the Actors’ Guild. Since the successful releases of “Barbie” and “Oppenheimer” in July, there has been a dramatic decline. In the number of people going to the theater. However, there is a lot of hype surrounding the movie “Eras,” and people who work in the industry are hopeful that it will bring in a large audience. Revive box office revenue.
Payment Giants Continue to Adopt Crypto
MoonPay, a company that provides infrastructure for cryptocurrency transactions, introduced a new function to its app one week ago that enables users to exchange one cryptocurrency for another. The new feature enhances the functionality of MoonPay’s retail-facing crypto app, which was introduced in May. Initially, the software allowed users to purchase cryptocurrencies and manage several wallets within the app. The new feature expands the functionality of the retail-facing crypto app. MoonPay has added a new cryptocurrency product and service at a time when other payment companies are continuing to broaden their cryptocurrency offerings.
BitPay Enables Cryptocurrency Payments for Taylor Swift’s Movie Premiere. In August, PayPal announced that it will be launching its PYUSD stablecoin soon. Paxos, a blockchain infrastructure company that formerly produced the stablecoin known as Binance USD (BUSD), is the issuer of the asset that is fixed to the dollar. Additionally, Coinbase was granted regulatory authority the previous month to provide futures trading services to retail clients in countries other than the United States.
