October 1, 2022

European entertainment video-on-demand platform CHILI has announced a partnership with blockchain fintech firm Coinbar to accept Bitcoin, XRP, DigitalBits and Tether for purchases.

Source: corporate.chili.com
Source: corporate.chili.com

Chili is a European entertainment company and a comprehensive entertainment-centred marketplace for movie and TV fans, providing information and reviews about cinema previews, a geo-localized cinema ticket booking service, all the new releases in digital form, months before pay-TV, a catalogue of thousands of digital films, TV series, DVDs, and Blu-Ray, the possibility to buy together original merchandising of a character and choose gadgets from the films, and lots more.

Chili developed its proprietary over-the-top (OTT) platform to distribute its video and film platforms, and thanks to its success in Italy, has expanded to the UK, Germany, Poland and Austria.

Its OTT platform registered users have reached 5 million by the end of 2021.

Giorgio Tacchia, the CEO and Founder of CHILI, said that:

“We will be the first OTT platform in Europe to accept crypto payments. Whether the Web 3.0 technology revolution will indeed be a paradigm shift for our society is perhaps too early to say; however, it is a phenomenon that cannot be overlooked. Many users, business customers and investors today need to pay with this new currency, and CHILI has always been a pioneer in offering its customers a glimpse of the future.”

Chili said that through the partnership with the Coinbar exchange, customers can also pay instantly using all supported chains without transaction costs. Customers can choose to buy in multiple currencies and offer merchants the option to settle in euros.