AMC Theatre To Accept Bitcoin Along With Ethereum & Litecoin

SYNOPSIS

  • The movie theatre chain plans to accept Ethereum, Litecoin, and Bitcoin Cash for online ticket and concession purchases.
  • AMC has decided to accept cryptocurrency as an alternative method of payment as part of a multistep plan to play offensive.
  • Customers of AMC will be able to make online purchases using Apple Pay and Google Pay in addition to cryptocurrency.

According to AMC CEO Adam Aron, the movie theatre chain plans to accept Ethereum, Litecoin, and Bitcoin Cash for online ticket and concession purchases.

Aron said during AMC’s second-quarter results call that the firm would accept Bitcoin, the world’s largest cryptocurrency, as an alternative form of payment for online sales before the end of the year.

“Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021,” Aron tweeted Wednesday evening. “I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash.”—THe tweet reads

Dogecoin, which has garnered criticism from numerous Twitter users, including the popular joke token’s founder, Shibetoshi Nakamoto, is notable for being omitted off AMC’s list of recognised cryptocurrencies.

The dogecoin founder wrote, “you picked litecoin over dogecoin because……???????” and posted a video.

COIN TRADING PRICES

According to Coindesk’s real-time price tracking, Bitcoin was trading at roughly 46,000 per coin at the time of writing.

Meanwhile, Ethereum has increased by 6%, trading at roughly $3,600 per coin, while Litecoin has increased by 5%, retailing at $191.65 per coin, and Bitcoin Cash has increased somewhat, trading at $642.13 per coin.

AMC EXTENDED ITS CRYPTO ADOPTION TO THE END OF THIS YEAR

After narrowing its losses and increasing total liquidity to a record high of more than $2 billion, AMC has decided to accept cryptocurrency as an alternative method of payment as part of a multistep plan to play offensive.

Other options taken by AMC include up to ten new leases with existing theatres, alternate programming, and a new legal arrangement with Warner Brothers for an exclusive 45-day theatrical window of their 2022 picture slate prior to at-home releases.

Customers of AMC will be able to make online purchases using Apple Pay and Google Pay in addition to cryptocurrency.

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