People Can Now Buy Movie Tickets Using Bitcoin In Brazil

[Unblock_news]

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

[joniboini]

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.

[UserU]

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"

[shesheboy]

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  .

[mk4]

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.

[UserU]

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.

[Kakmakr]

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.  <They also have nothing in the Faq about Bitcoin payment>

[davis196]

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.

[UserU]

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.

[mk4]

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.

[nc50lc]

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.

[UserU]

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?

[mk4]

(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.

[VitKoyn]

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.

[UserU]

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):

[romero121]

That's really interesting, and Brazil has recently come up with the plans of refilling train, bus and other transportation cards with bitcoin. Brazil seems to be progressive with the usage of bitcoin and its usage on Marketplaces too keeps on counting. Movie tickets were much commonly used by public and such a service accepting bitcoin will let more people know about cryptocurrencies.

[gilangIDR]

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

This is good news. Now more and more places and services are using cryptocurrencies platforms. In this way cryptocurrencies will develop. Thank you Brazil, you are a small number of countries that have implemented Bitcoin in the transaction system in their country. although there is still no decision from the government, at least Bitcoin can circulate far more widely in Brazil. Let's continue to develop the use of Bitcoin, so that we can achieve an era of an increasingly good future.

[LogitechMouse]

Well, another step for mass adoption? Or its just another way to spread the word about Bitcoin. Lets face the fact that only a few people around the world knows Bitcoin or cryptocurrency in general. With this move, people will become curious about Bitcoin and will do some research on it. There are risk on it because Bitcoin's price is volatile so I think its better that if they pay half Bitcoin and half fiat.

[Slow death]

People Can Now Buy Movie Tickets Using Bitcoin In Brazil

days ago the price of bitcoin was $3350 and days later the price increased to $3650, a good profit, so who will take your bitcoin to buy movie ticket when that person can hold your bitcoin to make a profit? this is the main point

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.

High volatility will be a great impediment for merchants to accept bitcoin as a means of payment

[Tramle091296]

Well Good Application and its nice Idea of putting in on the cinemas. Less hassle on buying of ticket you can buy it through online and you don't need any real money. the choices of the viewers gets more option how they reserve and buy ticket. I hope it makes more profit buy applying bitcoin to it and help their community and artist. and get more fund for more exciting movies.