JAKARTA - Movies Plus, a popular streaming platform, has integrated Bitcoin as a new payment method. The move expands the choice of customer transactions with the most widely used digital currency today. Thus, Movies Plus follows in the footsteps of other big companies such as AT&T, and Namecheap that have already received Bitcoin.
Movies Plus collaborates with Flash, a payment service provider that leverages Bitcoin Lightning Network technology. This network is an innovative solution that allows Bitcoin transactions to be faster and more energy efficient, thanks to micro payment systems operating outside the main block chain, reported by CryptoBriefing.
As the first streaming platform to accept Bitcoin, Movies Plus marks a new chapter in the digital entertainment industry. Meanwhile, Netflix, one of the main competitors, has not supported the use of Bitcoin or other cryptocurrencies as a payment method.
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Although Netflix has aired several documentaries about crypto, their stance on digital currencies is still unclear. In 2022, Netflix has even banned advertising related to crypto, political, and gambling.
David Wells, a former Netflix legal official, once expressed interest in Bitcoin in 2016. However, since then, no significant developments have occurred, and Wells himself has left the company in 2018.
The trend of Bitcoin adoption and other cryptocurrencies continues to increase. Various important companies have started to accept this currency either directly or through third-party services.
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