MoviePass Partners with Sui for USDC Payments and Equity Stake, Promises Web3 Experiences

Sep 17, 2024, 03:41 PM

MoviePass has announced a strategic partnership with the Layer 1 network Sui, integrating USDC stablecoin payments into its platform. As part of the collaboration, Sui will take an equity stake in MoviePass. This move is part of MoviePass's broader pivot towards incorporating cryptocurrency into its services. The integration will allow MoviePass users to pay for their subscriptions using USDC, enhancing the app's appeal by offering blockchain-powered innovations and new Web3 experiences. The app, often referred to as the 'Netflix of cinema,' allows users to watch a movie every day in theaters for a monthly fee of 10SUI.