AMC announced in August that it would start accepting cryptocurrencies from the end of the year. Now head of the company Adam Aron revealed on Twitter that you can already use your digital coins to buy movie tickets. And as he promised in September, AMC not only accepts Bitcoin, but also Ethereum, Bitcoin Cash and Litecoin – i.e. for online purchases. Aron also said the theater chain has started accepting Apple Pay, Google Pay and PayPal payments as well.
It sounds like moviegoers are welcoming the new payment method with open arms, as it apparently already accounts for 14 percent of the company’s total online transactions. Aron also said AMC will be adding Dogecoin next.
AMC almost went bankrupt last year due to the pandemic, but it was bailed in part thanks to an army of day traders on Reddit and Twitter sending out their shares ascending by around 2,300 percent. Aron fully embraced the company’s status as a meme stock and told investors in a profit talk Earlier this month, AMC is looking into creating its own cryptocurrency. AMC is also planning a foray into the world of NFTs and is in talks with Hollywood studios to create non-fungible tokens for big movies. During the call, Aron said that the theater chain was also following Shiba Inu. accept Token, but it has yet to announce if it can add the cryptocurrency to its payment options.
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