E-Commerce Platform Adopts Bitcoin, XRP, Ethereum, Litecoin and Bitcoin Cash As Brazilian Movie Theater Goes Crypto

 

Spanish fintech company PaynoPain has developed a new payment platform to integrate cryptocurrency payments for online shoppers. E-commerce websites will be able to integrate the platform and allow customers to make payments in Bitcoin (BTC), XRP, Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), XEM, STEEM and Steem Dollar (SBD).

The new platform will launch through the company’s online payment gateway Paylands which services companies in 12 countries. Customers will be able to shop online and make crypto payments by using QR codes on their mobile phones.

According to the announcement, online Bitcoin and crypto payments will be easier and faster than traditional options, such as credit cards, because shoppers won’t need to open an account.

“The platform, which is very simple to use, utilizes cryptography that allows customers to pay simply by scanning a QR code. So it’s not necessary to open wallets or enter data, achieving an even faster and safer purchasing process. The seller will charge in the cryptocurrency chosen by the buyer, and then the seller can either keep the crypto or simply exchange it for euros or other fiat.” 

Paylands’ new crypto platform is built on Hyperledger and Ethereum, reports news outlet Criptonoticias. The new service is expected to launch in March.

Meanwhile Cineplex Cine Multi in Florianopolis, Brazil is the first movie theater in the country to accept Bitcoin for payment. The venue has partnered with Bancryp App, a crypto payments platform, to facilitate Bitcoin payments for moviegoers.

Says Fernando Costa, owner of Cine Multi,

“For Cine Multi, which already follows the path of culture, pioneering an innovative market is a huge step forward. Now all the customers besides being in a pleasant environment, will also be pioneers to pay a cinema with Bitcoins.”

Bancryp, a fintech disruptor, says it plans to strengthen crypto economics in Brazil.

“Similar to a bank, but for your cryptocurrencies. Bancryp, which targets one million users and active establishments in Brazil, is focused on strengthening the Brazilian crypto economics with high technology and a real experience with cryptocurrencies.”

Bancryp’s partnership with Cine Multi, which is located in the city’s Multi Open Shopping center, puts Bitcoin and crypto at the heart of Florianopolis, home to half a million people. The shopping center is a major destination for families, moviegoers and shoppers.

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