Pages:
Author

Topic: People Can Now Buy Movie Tickets Using Bitcoin In Brazil - page 14. (Read 44977 times)

hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10

You simply pay for the ticket, then you're good. You pretty much seat anywhere you want. They just inform you if the number of bought tickets is already greater than the number of seats available. And this is for probably like 75%+ of the cinema's here nationwide by the way.

That's quite different, TIL. This is what I usually see when booking tickets either ways (image from Google):
full member
Activity: 490
Merit: 106
People Can Now Buy Movie Tickets Using Bitcoin In Brazil
Buying movie tickets in Brazil just got a whole lot easier through Bitcoin payment systems established by Cine Multi.

Brazil initially showed signs of interest in Bitcoin and the blockchain technology last in 2017 when Brazilian Hotel Chain Vert Hotéis started accepting Bitcoins as payment for their services. This was then followed by Brazil's usage of the Ethereum blockchain to keep track and monitor the political expression of Brazilian citizens.

Read more here: https://www.unblock.news/news/people-can-now-buy-movie-tickets-using-bitcoin-in-brazil
Not the first one to do it but still a great news, proving that even the price went down drastically, the adoption from people and businesses are still not going to stop. But like other companies and businesses that already have done it before, I wonder how long they can put this payment method, because most that we have seen from before already stopped accepting Bitcoin payments because of volatility. Another thing is, I wonder how many people are willing to use their Bitcoins to pay for a services or product, etc. because if there are none, this adoption will be useless. A lot of people surely don't want to use their cryptocurrencies to pay for something, because they only want earn profit from it.
copper member
Activity: 140
Merit: 3
It might not be an over the counter ticket purchase, they can say for online payments bitcoin is accepted. If they wanted a ticket counter service it needs to be litecoin
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
(lol) When was the last time you've entered a cinema?

Whether it's SM Cinema, Robinson's or any other Major Malls, you'll have to pick the seat number as you pay.
(By the way Avengers Endgame on April)

Just a couple of weeks ago actually LOL, for a local movie. And no, not every single SM and Robinson's Cinemas give you the choice to pick your seats. 3rd world country problems I guess?

Since I'm not from PH, how do movie bookings work on your end?

You simply pay for the ticket, then you're good. You pretty much seat anywhere you want. They just inform you if the number of bought tickets is already greater than the number of seats available. And this is for probably like 75%+ of the cinema's here nationwide by the way.
legendary
Activity: 2436
Merit: 1189
Need Campaign Manager?PM on telegram @sujonali1819
Its amazing! We are hearing some news about crypto that are accepted by some shop, payment method, Restaurant etc. So I think this such type of news help to make btc/crypto more usable in our real life. And if bitcoin continuously  accepted by big big company /industries then bitcoin will be bullish again in near future.  
hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10

Oh. Not sure about that. It depends on the cinema I guess? Most cinemas in the Philippines don't have seat bookings. You pretty much seat wherever you want. Not sure if it's the same in Brazil or not.

Like what nc mentioned, you can't just simply walk in and choose whatever seats you want. Whether it's over-the-counter or online, seats are determined prior to payment. Even in my country, it's the same as everywhere else.

Since I'm not from PH, how do movie bookings work on your end?
legendary
Activity: 2534
Merit: 6080
Self-proclaimed Genius
Oh. Not sure about that. It depends on the cinema I guess? Most cinemas in the Philippines don't have seat bookings. You pretty much seat wherever you want. Not sure if it's the same in Brazil or not.
(lol) When was the last time you've entered a cinema?

Whether it's SM Cinema, Robinson's or any other Major Malls, you'll have to pick the seat number as you pay.
(By the way Avengers Endgame on April)
For users who're wondering how is this (btc payment) possible, I'm pretty sure that it will be handled by payment processors than Peer-2-Peer payments.
Establishments nowadays accept Paypal, Paymaya or any "Mobile cash";
and marketing "We Accept Bitcoin" by using such services (Like coins.ph/bitpay) is reasonable enough given that they almost have the same function or protocol with fiat payment processors.

P2P can be accepted too without confirmations on Over-the-Counter purchases of cinema tickets, why?
There's always a CCTV camera on places like Malls and if anyone tried to stupidly double-spend a <$10-20 amount, there will always be a hard evidence. -Just an example.
member
Activity: 574
Merit: 11
People Can Now Buy Movie Tickets Using Bitcoin In Brazil
Buying movie tickets in Brazil just got a whole lot easier through Bitcoin payment systems established by Cine Multi.

Brazil initially showed signs of interest in Bitcoin and the blockchain technology last in 2017 when Brazilian Hotel Chain Vert Hotéis started accepting Bitcoins as payment for their services. This was then followed by Brazil's usage of the Ethereum blockchain to keep track and monitor the political expression of Brazilian citizens.

Read more here: https://www.unblock.news/news/people-can-now-buy-movie-tickets-using-bitcoin-in-brazil
wow that's an amazing progress for bitcoin, buying movie ticket with bitcoin for payment method so the process will be very simple and we don't need to go to the ticket seller's cashier. we can buy it in home or everywhere.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
I'm not referring to double spending, but the booking time between fiat and BTC users let's say if they take the same seat.

But if like @shesheboy has mentioned earlier that the process could be near-instantaneous (using LN) even with network congestion, then it'd be great.

Oh. Not sure about that. It depends on the cinema I guess? Most cinemas in the Philippines don't have seat bookings. You pretty much seat wherever you want. Not sure if it's the same in Brazil or not.
hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10

Cinemas are oldschool and I think they will become an obsolete business model after a few years,just like the "rent-a-CD" shops.It would be great if Netflix and Hulu accept bitcoin.This would be a real breaktrough for bitcoin.

I've to disagree. While those things can still remain widespread, nothing beats the feeling of plopping down, holding a bag of chips/ popcorn/ snacks/ food while watching 24fps on a huge screen.

That feeling is something you can't replicate at home.
newbie
Activity: 7
Merit: 0
Wow that's incredible, a good step up from for btc and it's market, hopefully, other countries follow suit if so.
hero member
Activity: 3150
Merit: 937
People Can Now Buy Movie Tickets Using Bitcoin In Brazil
Buying movie tickets in Brazil just got a whole lot easier through Bitcoin payment systems established by Cine Multi.

Brazil initially showed signs of interest in Bitcoin and the blockchain technology last in 2017 when Brazilian Hotel Chain Vert Hotéis started accepting Bitcoins as payment for their services. This was then followed by Brazil's usage of the Ethereum blockchain to keep track and monitor the political expression of Brazilian citizens.

Read more here: https://www.unblock.news/news/people-can-now-buy-movie-tickets-using-bitcoin-in-brazil

Cinemas are oldschool and I think they will become an obsolete business model after a few years,just like the "rent-a-CD" shops.It would be great if Netflix and Hulu accept bitcoin.This would be a real breaktrough for bitcoin.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
Well, it is not the first time for a country to be able to buy movie tickets with bitcoins, because it was done the first time back in 2015, when MovieTickets.com started to accept bitcoins as payment for movie tickets. https://www.coindesk.com/movietickets-com-bitcoin-payments-900-movie-theaters

I tried to see if they still accept Bitcoin, but I was unable to sign in.  Tongue
hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10

I really doubt it. Is it really worth doing a doublespend only to save a few hundred Indian Rupees? That's next level cheapskating right there. I assume Cine Multi would just let people in regardless if the transaction was confirmed immediately or not.

I'm not referring to double spending, but the booking time between fiat and BTC users let's say if they take the same seat.

But if like @shesheboy has mentioned earlier that the process could be near-instantaneous (using LN) even with network congestion, then it'd be great.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖

I can imagine waiting for 1 confirmation during peak periods.

"Sorry, your seat has been taken. Please try another"

I really doubt it. Is it really worth doing a doublespend only to save a few hundred Indian Rupees? That's next level cheapskating right there. I assume Cine Multi would just let people in regardless if the transaction was confirmed immediately or not.
full member
Activity: 714
Merit: 114
I can imagine waiting for 1 confirmation during peak periods.
"Sorry, your seat has been taken. Please try another"

i guess this does not work that way  .  you should get your items after you scan and pay  , its not your job to wait for the confirmation because the reciever can always recieve thier coins asap  . anyway congrats to brazil because they are now open to new ideas like this   .  by the way , buying movie tickets is not new   . some country can even buy a plain ticket and other harder obtainable  item using cryptos  .
hero member
Activity: 2128
Merit: 532
FREE passive income eBook @ tinyurl.com/PIA10
I wonder how many people actually use something like this. Sure, a business can accept Bitcoin, but is there any people who use it, with its relatively slow confirmation time (unless it uses LN). It seems like the majority of people only buy or use Bitcoin for trading/investment though, not sure how this cinema will 'convince' people to use Bitcoin here.

Nevertheless, it's a good sign that more business provider accepts and recognize Bitcoin as a means of payment. Hopefully, people will start to use Bitcoin regularly too.

I can imagine waiting for 1 confirmation during peak periods.

"Sorry, your seat has been taken. Please try another"
legendary
Activity: 2170
Merit: 1789
I wonder how many people actually use something like this. Sure, a business can accept Bitcoin, but is there any people who use it, with its relatively slow confirmation time (unless it uses LN). It seems like the majority of people only buy or use Bitcoin for trading/investment though, not sure how this cinema will 'convince' people to use Bitcoin here.

Nevertheless, it's a good sign that more business provider accepts and recognize Bitcoin as a means of payment. Hopefully, people will start to use Bitcoin regularly too.
member
Activity: 186
Merit: 12
People Can Now Buy Movie Tickets Using Bitcoin In Brazil
Buying movie tickets in Brazil just got a whole lot easier through Bitcoin payment systems established by Cine Multi.

Brazil initially showed signs of interest in Bitcoin and the blockchain technology last in 2017 when Brazilian Hotel Chain Vert Hotéis started accepting Bitcoins as payment for their services. This was then followed by Brazil's usage of the Ethereum blockchain to keep track and monitor the political expression of Brazilian citizens.

Read more here: https://www.unblock.news/news/people-can-now-buy-movie-tickets-using-bitcoin-in-brazil
Pages:
Jump to: