Filmhuis Cavia, a movie theater in Amsterdam, Holland is now accepting digital currencies
like Bitcoin, Dogecoin and Litecoin. In announcement the owners of the cinema house said that they will be the first cinema worldwide to enable customers to pay using cryptocurrency, peer to peer payment networks with no central bank or authority.
The decision according to them was influenced by the nature of Bitcoin and other digital currencies. The cinema owner says that cash and anonymous coins respect customers’ privacy and that is something he has been working out for over the years. The announcement says that for payment and ticket sales the cinema will use coinofsale.com.
Filmhuis Cavia says that it has been screening films in Amsterdam for over 30 years, working solely with volunteers. However, now that it has started accepting Bitcoin, it hopes it will help it expand on the founding principles as a formerly squatted cinema. It intends to be able to pay filmmakers and distributors with Bitcoin.
Answering to a question what ‘squatted cinema’ means from a Redditor, the user representing the cinema house said that the building was squatted in the eighties, as in old school building broken into and transformed by philosophy and film students. He said that after a bunch of years the cinema house became a legal renter of part of the building.
Watch Documentaries, Avant-Garde Cinema
The representative was also asked questions about the decision to accept various other digital currencies like Dogecoin and Litecoin. In response, he said that the decision was based purely on the feedback and requests from the customers. Many of them asked for it in the first testing period. The company may decide on the future of these currencies after some time.
It came out the Filmhuis Cavia is located where Bas de Lange organized the highly successful bitcoinference.com earlier this year. Thus, it looks there will be many people who would be using the services. They just won’t have conversations but also watch movies in the nearby theater that just announced to embrace the digital currency.
The movie lovers would have good time at Filmhuis Cavia which brings avant-garde cinema, documentaries, etc. For instance, it organized Documentary Film Festival on 28 & 29 June wherein some of the finest crafted Romanian documentary films that cover subjects ranging from outcasts to revolutionaries were shown to audience.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org