- AMC expands crypto payment options, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, across 900+ theaters.
- CEO Adam Aron confirms a global rollout by year-end, catering to rising crypto interest among customers.
In line with our earlier coverage on AMC Entertainment’s plan to launch its native cryptocurrency, it is now known that AMC, the largest movie theater chain in the U.S., has announced it will accept not only Bitcoin but also Ethereum, Litecoin, and Bitcoin Cash for ticket and concession purchases.
On the other hand, as shared by an account named Mags in today’s CoinMarketCap news, historically, Bitcoin bull runs have consistently started in October during each market cycle.
It is also worth noting that CEO Adam Aron revealed the news on X, highlighting the growing acceptance of cryptocurrencies among major investors and companies. This marks a significant expansion of the company’s payment options as they aim to cater to the rising interest in digital currencies. Aron stated that ,
Cryptocurrency enthusiasts: You likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect to similarly accept Ethereum, Litecoin, and Bitcoin Cash.
Bitcoin and More Crypto Payment Options to Roll Out Globally
Bitcoin and more crypto payment options are set to roll out globally after the launch, with a year-end deadline for the rollout. In addition to cryptocurrencies, customers will also be able to use Google Pay and Apple Pay, though these payment options are not yet available.
Aron also noted that there has been a noticeable increase in interest in cryptocurrencies among new retail investors.While AMC did not disclose the technology it will use to process crypto payments, the company operates 593 theaters across the U.S. and 335 more globally.
After the successful integration of Bitcoin payments, AMC plans to extend its crypto payment options to locations worldwide. This strategic move highlights AMC’s efforts to stay ahead of evolving market trends and cater to a tech-savvy audience.
At the time of writing, according to CoinMarketCap data, Bitcoin (BTC) is trading at $63,821.44, with a decrease of 2.89% in the past day and a 0.63% increase in the past week. See BTC price chart below.
