BitPay Enables Cryptocurrency Payments for Taylor Swift Movie Premiere | Taza Khabre

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taylor swift Fans who are also crypto-enthusiasts can now purchase tickets for the highly anticipated movie “Taylor Swift: The Eras Tour” using various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE)i Shiba Inu (SHIB).

The film, which hits theaters worldwide today, has already amassed an impressive $100 million in pre-sales, setting the stage for a blockbuster release.

BitPay, a leading cryptocurrency payment service provider, will facilitate the film’s crypto tie-in, the company said in a Friday post on X (formerly Twitter).

BitPay previously partnered with theater chain AMC, enabling seamless cryptocurrency payments for movie tickets.

To take advantage of this payment option, fans can visit the AMC website or use the mobile app and select BitPay at checkout.

Alongside Bitcoin, Ethereum, Dogecoin and Shiba Inu, customers can also purchase tickets using Bitcoin Cash, Litecoin and XRP.

AMC played a major role in the journey of the movie “You Were,” making a groundbreaking move by negotiating directly with Taylor Swift for the film’s theatrical release.

Bypassing the traditional Hollywood studios involved in film distribution, AMC secured an exclusive deal.

As a result, Swift will receive a remarkable 57% of ticket revenue, a substantial share rarely seen in the entertainment industry.

The film’s release is expected to inject new life into the struggling film’s box office, which has been facing challenges due to strikes by the Hollywood writers’ and actors’ guilds.

Since the successful releases of “Barbie” and “Oppenheimer” in July, attendance at the theater has declined significantly.

However, with the buzz surrounding ‘Eras’, industry insiders expect it to attract a large audience and revitalize the box office.

If a substantial number of “Eras” ticket buyers opt for crypto payments, it could lead to an intriguing scenario due to the film’s unique distribution setup.

Payment giants continue to embrace Crypto

Last week, the crypto payments infrastructure company MoonPay introduced a new feature on its app that allows users to exchange one cryptocurrency for another.

The new feature expands the functionality of MoonPay’s crypto app, which launched in May and initially allowed users to buy cryptocurrencies and manage multiple wallets within the app.

The new addition of MoonPay came as the payment giants continue to expand their suite of crypto products and services.

In August, PayPal announced that it will soon launch its PYUSD stablecoin.

The dollar-linked asset is issued by Paxosa blockchain infrastructure company that used to issue Binance USD (BUSD) stablecoins.

Last month, Coinbase also received regulatory approval to provide perpetual futures trading services to retail clients outside the United States.

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