AMC expands cryptocurrency payment options including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash to more than 900 theaters. CEO Adam Aron confirmed that the company will expand globally by the end of the year in response to growing interest in cryptocurrencies among customers.
Consistent with previous reports about AMC Entertainment’s plans to launch a native cryptocurrency, AMC, the largest movie theater chain in the United States, has announced that it will accept not only Bitcoin, but also Ethereum, Litecoin, and Bitcoin Cash. Currently known. Purchase tickets and benefits.
Meanwhile, as an account named Mags shared in CoinMarketCap News today, historically Bitcoin bull markets have consistently started in October each market cycle.
Source: https://coinmarketcap.com/community/post/340704159/
It’s also worth noting that CEO Adam Aron revealed the news about X, highlighting the increasing acceptance of cryptocurrencies among major investors and businesses. This represents a significant expansion of the company’s payment options aimed at catering to the growing interest in digital currencies. Aaron said:
Crypto Enthusiasts: You may have heard that @AMCTheatres has announced that it will accept Bitcoin as payment for online tickets and perks by the end of 2021. When we do, we can confirm today that we will also be accepting Ethereum, Litecoin, and Bitcoin Cash as well.
Bitcoin and other crypto payment options to expand globally
Payment options in Bitcoin and other cryptocurrencies will be rolled out globally after launch, with a rollout deadline of the end of the year. In addition to cryptocurrencies, customers will also be able to use Google Pay and Apple Pay, although these payment options are not yet available.
Aaron also noted that there has been a noticeable increase in interest in cryptocurrencies among new retail investors. AMC does not disclose the technology it uses to process cryptocurrency payments, but the company operates 593 theaters in the U.S. and an additional 335 worldwide.
Following the successful integration of Bitcoin payments, AMC plans to expand the crypto payment option to its locations around the world. This strategic move underscores AMC’s efforts to stay ahead of evolving market trends and cater to a tech-savvy audience.
At the time of writing, Bitcoin (BTC) was trading at $63,821.44, down 2.89% over the past day and up 0.63% over the past week, according to data from CoinMarketCap. See the BTC price chart below.
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