The largest movie theater operator in Thailand, Major Cineplex, recently started integrating cryptocurrency payments to allow moviegoers to buy tickets, popcorn, and other products with Bitcoin and other cryptocurrencies.
The multiplex movie operator has recently partnered with the Swiss fintech developer RapidzPay, deploying a digital payment ecosystem which is built by the Swiss firm. The crypto payments will be integrated with a point-of-sale (PoS) machinery in its theatres.
The news came from the local Thai publication The Nation yesterday. As reported, cryptocurrency adopters and holders can now send their payments to RapidzPay’s digital wallet with a mobile app – linking the purchases on the Swiss PoS platform.
Accepting both crypto and fiat baht (Thailand’s native currency), Major Cineplex will integrate the new system across 678 screens – 7 in Cambodia and 8 in Laos, with plans to expand to 1,000 screens by 2020. As Forbes reported, the chain’s founder also plans to integrate the model in McThai, the Mcdonald’s outlets in the country.
Major Cineplex’s director of marketing recently 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.”
Meanwhile, RapidzPay has opened a new office in Bangkok earlier this month and is now targeting a million active users in Thailand within the first year of its operations. On top of this, the Swiss fintech firm launched a wallet app that will allow users to hold, trade and exchange cryptocurrencies and buy crypto with fiat.
Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
“Even if the SV mining collation do catch up with ABC or if they manage to do hostile chain re-orgs, its highly unlikely BCash ABC users & investors will ever switch to follow SV. ABC users just need to be patient & wait it out. @CalvinAyre & the SV miners will eventually give up,” BitMEX wrote on Twitter, doubling down on Jonathan Bier’s pre-fork prediction that miners would ultimately abandon the BSV fork.Currently, people are wondering how does the BCH hard fork affect other projects such as Bitcoin. The good news here is that the fork has no effect on BTC other than making it even less likely that Bitcoin Cash (BCH) will overtake Bitcoin (BTC) and claim its mantle.
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‘Time May Be Right’ For Home Crypto Mining: Coinbase CTO
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine.”This is a notable perspective mostly because Srinivasan previously founded 21.co which was a startup that emerged from stealth in 2015 and had an ambitious plan to embed Bitcoin miners in everyday devices- which was then backed by Coinbase Ventures. Following the Coinmine announcement, Srinivasan wrote:
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine."As we can see from the above stated, the CTO of Coinbase seems optimistic about Coinmine's ability to add even more coins later, foreseeing a future where the company could play a key role in the launch of new tokens.
“I believe that decentralized mining is an important idea and worth trying again. It’s mining as Satoshi intended: many devices around the world with no single point of failure." Srinivasan concluded.
Crypto Exchange OKCoin Expands To Latin America, Launching A Fiat Market
"We’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence,” Buyn said following the official announcement.He also pointed that the Latin American market is extremely important for the exchange as it is for many crypto and blockchain industries.
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