For a long time, everyone has booked movie tickets using conventional banking methods. But now, some movie ticket booking platforms have started to accept cryptocurrency payments. Adapting cryptocurrencies in movie ticket booking has made the task very easy and secure.
People who don’t know the use of cryptocurrencies and see them just as a method of making money should know that one can also use these digital asses for purchasing goods and services. Check authentic websites like trustpedia.io for a profitable guide to cryptocurrency trading. All the more, you can even book a movie ticket using bitcoin.
Here listed are some advantages of using bitcoin for booking movie tickets.
Smooth and Ease of Booking!
Traditional monetary systems, as well as e-banking, come with several flaws. For example, sometimes the banking server is down, and other issues with processing payments. But booking tickets using the modern monetary system, cryptocurrencies can make the process very easy. Bitcoin and other cryptocurrencies are much different from the traditional monetary system.
Government plays a significant role in monitoring the conventional monetary system, but no such actions occur in cryptocurrencies. As a result, processing transactions with the monetary system governed by government authorities lags behind bitcoin transactions. No bitcoin transactions fail due to server failure unless or until an individual double-spends any amount of this virtual coin.
Most countries rank cryptocurrencies as an unregulated asset, which saves cryptocurrency transactions from taxes. In many countries, cryptocurrency transactions are entirely tax-free; all the more, these transactions do not even incur a banking fee.
In short, while booking a ticket with bitcoin, you need to pay for the ticket only, and the traditional banking system levies no other fees. So you can save almost up to 20% on each movie ticket if you book it with bitcoin. The only drawback of utilizing cryptocurrencies like BTC for booking movie tickets is that the network only executes irreversible transactions.
If you have changed the plan of watching a movie, it isn’t easy to reserve the transactions. However, this attribute does not seem to affect your movie ticket booking experience with cryptocurrencies, as most platforms accepting such payments have a valid refund policy. Therefore, even if you miss the show and want to refund the movie, the platform will return your money and deduct only a nominal amount of charges.
Nowadays, everyone prefers to perform each task using the internet. Therefore, the excessive utilization of internet services has also skyrocketed theft elements’ prospects. But bitcoins are very challenging to counterfeit, hack, and mutate. Undeniably, there were cryptocurrency scams and frauds, but only exchange and wallet service providers were responsible for such facts.
While booking movie tickets, choosing a secure payment method is necessary. There is no other secure payment method than cryptocurrencies for purchasing goods and services, as per reports. The hashing algorithm present in the cryptocurrency network ensures complete safety to the personal details of transaction parties.
Some popular bitcoin movies!
The above-listed pros of bitcoin’s utility in booking movie tickets. Here is a list of movies based on cryptocurrencies and bitcoin that are a must-watch masterpiece. The original movie is trust machine; the movie explains all the fundamentals of superior blockchain technology. Furthermore, trust machine explains how blockchain can change the entire financial segment. Besides the financial segment, the movie displayed use cases of blockchain industries like movies, sports, and many others.
Trust machine is one of the few movies that has revolved the entire storyline around blockchain. The second popular movie is bitcoin. The plot of this movie banks upon government authorities misusing their powers in the monetary system and how it has increased the rate of inflation. The movie also explains how bitcoin has managed an ultimately low inflation rate in contrast to traditional banknotes.
Another popular movie based on cryptocurrencies was released in 2019, and it was Crypto. Of course, most cryptocurrencies have always favoured digital currencies’ use cases. Still, this movie came with a different concept and revealed how bad actors are making illegal digital currencies.
These are some advantages of using bitcoin for booking movie tickets.