Cryptocurrencies now accepted by Thailand's Major Cineplex with Rapidzpay

By On July 31, 2018

Cryptocurrencies now accepted by Thailand's Major Cineplex with Rapidzpay

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Cryptocurrencies now accepted by Thailand's Major Cineplex with Rapidzpay Source: Unsplash

Recently, Thailand’s Major Cineplex Group, the largest operator of movie theaters, announced its integration with cryptocurrency payments using Rapidzpay mobile apps. This will enable its customers to pay via cryptocurrency for the services and products.

The Major Cineplex Group in Thailand was founded by Vicha Poolvaraluk and is headquartered in Chatuchak, Bangkok.

Chanya Tamrongweenichai, director of marketing at Major Cineplex Group, 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.”

The director further added that collaborating with Rapidzpay would help in expanding their business and bring a rev olution in Thailand’s financial ecosystem.

Partnering with Rapidzpay, a Swiss payment company, Major Cineplex Group is building a digital payment ecosystem in Thailand. Rapidz point-of-sale [RapidzPOS] is a software that would allow merchants to collect cryptocurrencies as well as fiat currencies.

Rapidzpay encourages fluent transactions between businesses facilitating business-to-business [B2B] and business-to-consumer [B2C] transactions. The company aims to produce a decentralized mode for payment in order to build a strong business model.

In the month of June, Bangkokpost, in their news website said that Securities and Exchange Commission [SEC] of Thailand announced the addition of seven cryptocurrencies. The list includes Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], Ethereum Classic [ETC], Litecoin [LTC], Ripple [XRP], and Stellar Lumens [XLM].

Rapidzpay app is available on iOS and Android and the coins that support both these versions include Bitcoin [BTC], Litecoin [LTC] and Bitcoin Cash [BCH]. However, the Major Group has not yet declared the cryptocurrencies that they would be dealing in.

According to Nation Multimedia, Rapidzpay in Thailand aimed at targeting many active users within the first year by winning over both the prevailing and the new cryptocurrency users looking forward to a better and more convenient platform in order to convert between fiat and cryptocurrency.

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Source: Google News Thailand | Netizen 24 Thailand

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