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Movies Plus now accepts Bitcoin as a payment option

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Users can now pay for their subscriptions using Bitcoin.

Movies Plus adds Bitcoin payments

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Streaming platform Movies Plus announced this week it has added Bitcoin to its payment options, allowing subscribers to pay using the leading digital currency. With this move, the firm has joined the list of companies that accept Bitcoin as a payment method, including Microsoft, AT&T, and Namecheap.

To streamline Bitcoin payments, Movies Plus has collaborated with Flash, a payment processor that leverages the Bitcoin Lightning Network.

The Lightning Network is a layer 2 solution designed to enhance Bitcoin’s scalability by enabling faster and more energy-efficient transactions through micropayment channels that operate off the main blockchain.

Movies Plus’ latest adoption also made it the first streaming platform to accept Bitcoin payments. Streaming giants such as Netflix or Hulu currently do not support Bitcoin or any other cryptos.

Despite featuring crypto documentaries, Netflix’s stance on Bitcoin remains unclear. Netflix banned crypto ads in 2022 alongside those for politics and gambling. Netflix’s former legal officer David Wells expressed openness to Bitcoin payments in 2016, but no further progress has been made. Wells himself departed Netflix in 2018.

The adoption of Bitcoin and other cryptos is on the rise, with a select yet significant number of companies accepting them directly, and others through third-party services, as reported by Crypto.com.

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