Adoption: First Ever Bitcoin Movie Storms Chinese Cinemas In October

By Dare Shonubi
Published July 21, 2019 Updated July 21, 2019
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Adoption: First Ever Bitcoin Movie Storms Chinese Cinemas In October

By Dare Shonubi
Published July 21, 2019 Updated July 21, 2019

A new Chinese movie about blockchain and cryptocurrencies titled “Sage Thief” is coming to the theatres this October and that is causing some kind of excitement especially among the Chinese recently.

China recently declared cryptocurrencies as virtual properties and confirmed the protection of cryptocurrencies by law after a few years of bans which kept the innovation out the Chinese boundaries. This signaled good fortune for many Chinese who seemed to be interested in the topic of blockchain and cryptocurrencies.

Sage Thief, which has been in production for a couple of months now is ready for showing in cinemas across the nation this October.

The movie’s thesis and storyline go along the blockchain and cryptocurrencies inventions and how these set of innovations might eventually usurp the current banking and financial systems.

Portraying the blockchain as public custody on which the mainstream users can act as their own banks, the movie explicated on how current banks corporate with the governments in using money and funds belonging to the customers to raise profits from investments on which they pay tax to the governments in order to clear national debts. Going against this system in which customers gain nothing in return, Sage thief promoted the blockchain technology as one-of-a-kind innovation which brings back the power of banking to the hands of the mainstream users.

With China’s new bias towards blockchain and cryptocurrencies, citizens and residents, in general, are feeling more comfortable and showing considerable interest in the space. China was known to house a vast majority of crypto users and adopters, and once again, this is coming to play as the country is taking the movie production approach to educating its citizens on the use of blockchain and cryptocurrencies.

China hosts one of the leading blockchain movie industries around the world. With blockchain development in China’s movie industry, there is an already existing tokenized payment system incorporated into China’s blockchain movie. With the unconventional issuance of a non-homogenized token based on the Ethereum’s ERC-721 commonly known as “SELF” launched last year, blockchain cinemas(both physical and online) now support payments with cryptocurrencies.

Elsewhere, Samsung has openly denounced its connection with the much conventional Samsung coin. This was made known by a representative of Samsung on the 19th when contacted on the matter.

It is believed that in a bid to take advantage of Samsung’s blockchain plans, someone already registered a trademark for Samsung coin under the same categories that Samsung would have registered its blockchain endeavors. According to Samsung’s representatives who spoke on the matter,
“We don’t work this way,” they said.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Dare Shonubi
247 Articles
Staff writer at Coingape. Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development. You can follow me on Twitter at @ShonubiDare or reach out to me at dare[at]coingape.com

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