Thanks to a collaboration between crypto payment gateway BitPay and AMC, cryptocurrency owners can purchase tickets to Taylor Swift’s highly anticipated movie using cryptocurrencies such as btc, DOGE, and SHIB. BitPay recently announced on social media platform
This is great news for the crypto community as Taylor Swift is one of the biggest pop stars on the planet. A measure like this demonstrates the increasing use of cryptocurrencies in all sectors of the economy.
Exciting news for Taylor Swift fans!
Get ready for the Taylor Swift Eras Tour movie, an immersive experience that brings you back to all of her unforgettable eras! And the best part? You can now purchase your tickets using cryptocurrency through BitPay on AMC! https://t.co/S7kv8YRVwU
-BitPay (@BitPay) October 12, 2023
Buy AMC Tickets with crypto
American cinema chain AMC He became one of the first players in the American film industry to adopt cryptocurrencies, becoming the first cinema chain to accept bitcoin as payment on its platform. Last year, the movie theater chain announced a partnership with BitPayallowing users to spend DOGE and SHIB within the cinema chain’s app to purchase tickets and gift cards.
Taylor Swift’s Eras Tour film is a concert film that shows the musician’s performances in Los Angeles during her latest tour. Her last two films, Miss Americana and the concert film Reputation Stadium Tour, were released through the Netflix streaming service. However, AMC Entertainment was able to negotiate with Swift to secure the film’s release in its theaters.
According to the cinema chain, pre-sales of its theaters had already exceeded 100 million dollars before its release. The film was so anticipated that its release had to be delayed a day in the United States and Canada, and earned $2.8 million in advances this Thursday.
🩵 RELEASE DAY 🩵 And I really can’t understand this, but…. Look what you actually made me do: Due to unprecedented demand, we’re opening early access screenings of the concert film The Eras Tour on THURSDAY in the US and Canada. As in… TOMORROW. We are also adding… pic.twitter.com/IUp17aGVvn
—Taylor Swift (@taylorswift13) October 11, 2023
For Swift fans who own cryptocurrency, being able to spend it on tickets to her new movie is a validation of their investment in digital currencies. From the agreement with AMC, the musician will pocket 57% of all ticket sales revenue from the film.
Although how the partnership with BitPay and AMC will work is unclear, the benefit to the artist could include cryptocurrency.
<img decoding="async" class="aligncenter size-medium" src="https://technicalterrence.com/wp-content/uploads/2023/10/Bloomberg-Analyst-Predicts-Likelihood-of-Bitcoin-Spot-ETF-by-January" alt="Tradingview.com bitcoin Price Chart (Taylor Swift btc, DOGE, SHIB, crypto)” width=”2804″ height=”1746″/>
btc falls to $26,800 level | Source: BTCUSD on Tradingview.com
State of the crypto market
The acceptance of major cryptocurrencies such as bitcoin, Dogecoin, and Shiba Inu for movie tickets indicates the widespread acceptance of the crypto industry. The cryptocurrency market has also been in something of a paralysis in the last two monthswith cryptocurrencies such as bitcoin and ethereum trading in a range.
bitcoin-news/bitcoin-plunge-27000-drives-investors-fear-rebound/” rel=”nofollow noopener” target=”_blank”>Current tensions between Israel and Hamas in the Middle East they have seen bitcoin lose part of its market price. A recent research has shown The Hamas group reportedly obtained more than $100 million in donations through digital assets. According to various analysts, a bitcoin-news/bitcoin-price-rally-on-the-horizon-btc-spot-etfs-may-get-the-green-light-today/” rel=”nofollow noopener” target=”_blank”>bitcoin price rally is imminent.
Featured image of Protocol, chart from Tradingview.com
