Recently, AMC Entertainment CEO Adam Aron announced on Twitter that AMC Theaters will accept Bitcoin for online ticket and concession payments. In addition, after the Walmart shock, other cryptocurrencies such as popular altcoin Litecoin, Ethereum and Bitcoin Cash are also receiving support from AMC Theaters along with Bitcoin. Let’s look at the details together…
AMC Entertainment accepts Bitcoin and these 3 altcoin projects!
Following the Walmart event, the popular altcoin Litecoin gets support from AMC Theaters along with Bitcoin. As Aron explained, besides Bitcoin, the world’s largest cinema chain accepts other cryptocurrencies such as Ethereum, Litecoin, and Bitcoin Cash.
Cryptocurrency enthusiasts: You know that AMC Theaters has announced that we will accept Bitcoin for online ticket and concession payments by the end of 2021. The largest US movie chain will start to accept Bitcoin as well as Ethereum, Litecoin and Bitcoin Cash.
In August, Aron initially announced that his company will add support for the leading cryptocurrency. At the time, AMC Entertainment was planning to accept BTC as payment for movie evendollarseries and franchises if purchased online in all US theaters. Aron also said during a meeting that the movie theater chain will have IT systems to receive cryptocurrency as payment by the end of 2021.
This move marks the marriage of two highly speculative entities
The move marks the marriage of two highly speculative assets: Bitcoin, known for its wild volatility, and AMC, which has become a preferred meme stock star by individual investors on Reddit’s WallStreetBets forum. Bitcoin price sits at $47,600 after falling below around $30,000 in recent weeks. The recent recovery came amid optimism that many major institutions in the market are starting to accept BTC. Cryptocurrencies like Bitcoin gradually gained wider acceptance as a payment option.
In April, Venmo launched a feature that allows its users to buy and sell digital currency, including BTC. In March, PayPal said it would support its customers to pay for goods using cryptocurrency. Cryptocoin. com
As we previously reported , automaker Tesla initially allowed consumers to shop using Bitcoin, but Elon Musk stopped it due to environmental concerns. However, Elon Musk said at a recent crypto conference that Tesla will likely accept BTC again when it becomes more environmentally friendly.