In brief
- Thailand’s cinemas are opening their doors to Bitcoin.
- But the Thai regulator has not always had an optimistic view of the wider crypto market.
Major Cineplex Group, the largest movie theatre chain in Thailand, has reportedly launched a digital asset payment pilot project enabling customers to pay in Bitcoin.
The move comes as an attempt on behalf of the movie theatre conglomerate to back innovative payment options for customers. In Bangkok, customers were able to enter the Major Cineplex Ratchayothin movie theatre by scanning a QR code and paying in BTC.
And the project is due to spread across the country. It is anticipated that 39 other movie theatres in Thailand will provide this option to customers by the end of 2021.
Major Cineplex Group’s move comes as the Tourism Authority of Thailand (TAT) seeks to attract cryptocurrency holders to the country. In the first…
