Dogecoin: Now You Can Use $ DOGE To Pay At America’s Second Largest Movie Theater Chain

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Regal Cinemas, a film operator of more than 500 locations and 7,000 screens in the United States, announced in a press release that it is preparing to accept payments in various cryptocurrencies, including bitcoin ($ BTC ), Litecoin ($ LTC) and dogecoin ($ DOGE).

The company will accept dozens of cryptocurrencies including stablecoins like USDC, DAI, and GUSD for payments. It will accept these payments through the Flexa Network, a cryptocurrency payment processor that ensures that crypto transactions pass for real-world applications.

The Flexa network leverages its Amp token ($ AMP) to power instant and secure transactions. Token holders “ensure the value of any transfer” while it has not yet been confirmed on the blockchain, allowing the processing of actions dependent on these transactions. If the Bitcoin network is congested at the time of payment, for example, Flexa ensures that the payment goes through the use of AMP as collateral.

AMP token holders are then rewarded for endangering their funds. In a Press release Ken Thewes, Director of Marketing for Regal, said:

This exciting partnership allows us to easily and transparently accept digital currencies – including dogecoin, stablecoins and bitcoin – across our theater footprint in a simple and completely contactless manner, providing our customers the flexibility and security they deserve as we enter a new era.

Regal’s move follows that of America’s leading movie channel AMC, which began accepting cryptocurrency payments earlier this month. As CryptoGlobe reported, AMC is set to add the memes-inspired Shiba Inu ($ SHIB) cryptocurrency for payments in Q1 2022.




SHIB is a rival to Dogecoin, which AMC is expected to accept for gift cards worth up to $ 200 per day. AMC CEO Adam Aron has boosted cryptocurrency investors through polls asking if AMC should add its tokens.

Several physical chains, including Whole Foods, Crate and Barrel, and Nordstrom, have also added bitcoin as a payment method. Notably, in May of this year, Flexa helped a large chain of restaurants and convenience stores in the United States to start accepting $ DOGE and other cryptocurrencies as a payment method as well.

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IMAGE CREDIT

Featured Image Via Unsplash


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