{"id":72516,"date":"2023-10-14T05:26:51","date_gmt":"2023-10-14T09:26:51","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/bitpay-enables-cryptocurrency-payments-for-taylor-swifts-movie-premiere\/"},"modified":"2023-10-14T05:26:54","modified_gmt":"2023-10-14T09:26:54","slug":"bitpay-enables-cryptocurrency-payments-for-taylor-swifts-movie-premiere","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=72516","title":{"rendered":"BitPay Enables Cryptocurrency Payments for Taylor Swift’s Movie Premiere"},"content":{"rendered":"
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Taylor Swift<\/strong>\u00a0fans who are also crypto enthusiasts can now purchase tickets for the highly anticipated film “Taylor Swift: The Eras Tour” using various cryptocurrencies, including\u00a0Bitcoin (BTC)<\/strong>,\u00a0Ethereum (ETH)<\/strong>,\u00a0Dogecoin (DOGE)<\/strong>, and\u00a0Shiba Inu (SHIB)<\/strong>.\u00a0<\/p>\n

The movie, which hits theaters worldwide today, has already amassed an impressive $100 million in presales, setting the stage for a blockbuster premiere.<\/p>\n

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

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BitPay previously partnered with the theater chain AMC, enabling seamless cryptocurrency payments for movie tickets.\u00a0<\/p>\n

To take advantage of this payment option, fans can visit the AMC website or use the mobile app and select BitPay at checkout.\u00a0<\/p>\n

Alongside Bitcoin, Ethereum, Dogecoin, and Shiba Inu, customers can also purchase tickets with Bitcoin Cash, Litecoin, and XRP.<\/p>\n

AMC played a significant role in the “Eras” film’s journey, making a groundbreaking move by negotiating directly with Taylor Swift for the film’s release in its theaters.\u00a0<\/p>\n

By bypassing traditional Hollywood studios involved in film distribution, AMC secured an exclusive deal.\u00a0<\/p>\n

As a result, Swift is set to receive a remarkable 57% of ticket sale revenue, a substantial share rarely seen in the entertainment industry.<\/p>\n

The film’s release is expected to inject new life into the struggling movie box office, which has faced challenges due to strikes by the Hollywood writers’ and actors’ guilds.\u00a0<\/p>\n

Since the successful releases of “Barbie” and “Oppenheimer” in July, theater attendance has dwindled significantly.\u00a0<\/p>\n

However, with the buzz surrounding “Eras,” industry insiders are hopeful that it will attract a large audience and revitalize the box office.<\/p>\n

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.\u00a0<\/p>\n

Payment Giants Continue to Adopt Crypto<\/h2>\n

Last week, crypto payments infrastructure firm\u00a0MoonPay<\/strong>\u00a0unveiled a new feature\u00a0in its app that enables users to swap one cryptocurrency for another.\u00a0<\/p>\n

The new feature expands the functionality of MoonPay’s retail-facing crypto app, which was launched in May and initially allowed users to purchase cryptocurrencies and manage multiple wallets within the app.<\/p>\n

MoonPay’s new addition came as payment giants continue to expand their suite of crypto products and services.\u00a0<\/p>\n

Back in August, PayPal\u00a0announced\u00a0that it is rolling out its PYUSD stablecoin soon.\u00a0<\/p>\n

The dollar-pegged asset is issued by\u00a0Paxos<\/strong>, a blockchain infrastructure firm that used to issue\u00a0Binance USD (BUSD)\u00a0stablecoin.<\/p>\n

Last month,\u00a0Coinbase<\/strong>\u00a0also received regulatory approval to offer perpetual futures trading services to retail customers outside the United States.\u00a0<\/p>\n<\/p><\/div>\n