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CHILI.com Adding Crypto Payments Including Bitcoin and DigitalBits to its VOD Platforms

CHILI.com Adding Crypto Payments Including Bitcoin and DigitalBits to its VOD Platforms | Fintech Finance

The video on-demand platform CHILI.com has partnered with Coinbar, to allow its users to make purchases with Bitcoin (BTC), XRP (XRP), DigitalBits (XDB) and Tether (USDT) using CoinbarPay.  This partnership announcement was made today at Blockchain Week Rome 2022, the largest Italian event dedicated to blockchain and cryptocurrencies.

CHILI is a European Entertainment Company that has developed a proprietary Over The Top (OTT) platform. It distributes directly (CHILI.com) in five European countries – Italy, England, Germany, Austria and Poland, reaching 5 million registered users in 2021. The company’s shareholders also include US American Studios: Warner Bros, Disney (through an investment made by 20th CenturyFox), Sony Pictures, Paramount Pictures and Viacom.

CHILI.com service offers – streaming in very high quality up to 8K and without a subscription – a catalog of thousands of movies and TV series, DVDs, Blu-Ray. It can be used on all Smart TVs, PCs, tablets and smartphones.

Giorgio Tacchia, CEO and Founder of CHILI, said:

“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.”

Coinbar, a financial technology company born with the ambitious goal of bringing cryptocurrencies into the real economy, combining a regulated exchange with a network of physical points.

​​Antonello Cugusi, Coinbar CEO and Co-Founder, added:

“Coinbar is excited to partner with Chili, to bring another concrete step towards adoption: finally cryptocurrencies can be used on a par with traditional payment systems, with a simple and fast crypto payment experience for CHILI customers. The new CoinbarPay platform can be easily integrated into all online processes, including POS solutions, allowing multicurrency purchases with the option for settlement in euros for merchants. It is also possible for Coinbar exchange customers to pay instantly with all supported chains, without transaction costs.”

DigitalBits is the emerging cryptocurrency of the four being added by CHILI. Sports legends such as David Beckham and Francesco Totti, along with sports organizations such as FC Internazionale Milano (Inter Milan) and AS Roma are among the organizations that have announced their support for the DigitalBits blockchain.

DigitalBits is a layer-one blockchain protocol that prioritizes security, speed, and cost-

savings. Any asset can be tokenized on the eco-friendly DigitalBits blockchain network, including NFTs created by artists, sports organizations and other brands. The DigitalBits blockchain network’s native digital asset (“digitalbits” or “XDB”) secures the network, enables access to on-chain functionally, and is required to cover nominal transaction fees on the network. DigitalBits is also efficient and cost-effective for micropayments, key functionality to support real-world mass adoption of blockchain technology and cryptocurrency.

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