Major Cineplex Theater Chain from Thailand to Accept Cryptocurrency Payments.

Starting from the purchase of tickets to that of popcorn, the biggest movie theatre chain in Thailand, Major Cineplex has announced that it will be supporting cryptocurrency transactions, supporting Bitcoin (BTC) and several other altcoins.

Support to crypto

Major Cineplex has signed a partnership agreement with a Swiss fintech company RapidzPay, for investment in the digital payment system. The next phase of this announcement will be the installation of various point-of-sale (PoS) machines inside the theatres. To use this service, the holders of cryptocurrency would have to transfer their digital currency to RapidzPay’s digital wallet using a mobile application. Otherwise, they could use the company’s PoS platform that accepts nation currency along with the crypto assets.


Major Cineplex

Having 7 screens in Cambodia and 9 in Laos, Major Cineplex is the largest theatre operator in Thailand with 678 screens across the nation. Major Cineplex plans on installing an addition of 1000 screens by the year 2020. Licensing all of the McDonald’s restaurants in Thailand, Vicha Poolvaraluck, the owner of Major Cineplex, has also founded McThai. It is the same firm which licensed all of McDonald’s restaurants in Thailand. Chanya Tamrongweenichai, Director of Marketing for Major cineplex said,

“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.”


Right after a month of RapidzPay’s opening of a new office in Bangkok, this deal was made between the Bangkok based Major Cineplex and RapidzPay.

 

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