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Home Crypto Hong Kong-listed Entertainment Firm HMVOD to Accept Bitcoin for Membership Subscriptions in...

Hong Kong-listed Entertainment Firm HMVOD to Accept Bitcoin for Membership Subscriptions in October

In Hong Kong, a listed on-line leisure platform, HMVOD, will settle for Bitcoin to pay for membership subscriptions in October.

HMVOD Limited (Stock code: 8103.HK) released a voluntary announcement on Hong Kong Exchange platform Tuesday night time of Hong Kong time, saying that clients will pay their month-to-month membership charges in Bitcoin ranging from early October.

In the assertion, HMVOD stated the corporate is dedicated to adopting completely different fee platforms, together with cryptocurrencies, to “develop into a trendsetter in the leisure know-how increase.”

According to the official webpage, HMVOD Limited is an funding holding firm principally engaged in the OTT (Over-the-top media companies) Internet leisure video service system and the event enterprise. The firm provides a month-to-month subscription plan for the end-users to get pleasure from practically 10,000 program hours of on-line leisure, together with native and worldwide motion pictures.

Despite Hong Kong finance regulators intends to prohibit the crypto buying and selling actions to skilled buyers and take a look at to strengthen associated compliance, a research has named Hong Kong as one of the crucial crypto-friendly areas worldwide, to benefit from the highest focus crypto ATM worldwide.

Bitcoin is a cryptocurrency based mostly on decentralization, peer-to-peer (P2P) networking and stigmergy, with its codes launched as open-source and with blockchain as its underlying know-how.

In addition, extra leisure platform is diversified their income sources by embracing cryptocurrencies. AMC Entertainment, the main American film chain, announced Monday, August 9, to settle for Bitcoin for shopping for cinema tickets. 

Image supply: Shutterstock

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