Ether and Litecoin to be accepted at AMC movie theaters this year
By Bob Garcia
The theater chain already announced support for BTC and is now adding other options
AMC Entertainment won’t just accept Bitcoin (BTC) payments for film tickets before the end of next year. It will likewise allow other cryptocurrencies, paving the way for greater retail and commercial use of digital currencies in the US.
Tweeting on Thursday, the organization’s CEO, Adam Aron, declared designs for AMC to accept three other digital forms of money, Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). In August, AMC first disclosed designs to allow BTC installments for online film tickets before the year’s end. At that point, Aron said that moviegoers were anxious to use crypto as installment implies for tickets and concessions at AMC areas across the US.
The AMC boss additionally said that the organization was attempting to settle the fundamental modalities needed for processing crypto payments. Just like the case with the August declaration, Aron’s tweet uncovering plans for an extended crypto support plan additionally drew huge analysis from Dogecoin (DOGE) defenders for neglecting to incorporate the famous meme coin.
AMC embracing crypto additionally follows a recent pattern that has seen retail foundations empowering support for digital currency payments across the US. The movie theater company’s plan comes in the midst of a resurgence in revenue after a troublesome 2020. Throughout last year, with COVID-19 keeping consumers indoors and away from public venues, the company saw revenue of $18.9 million in the second quarter. A year later, it has reported $444 million. That has also helped the company’s stock, which is now 2,200% higher than it was at the beginning of the year.