AMC will start accepting Bitcoin as payment for movie tickets in all its U.S theatres by the end of the year.
During the announcement, AMC Entertainment CEO confirmed that the company’s new investors are “enthusiastic” about crypto.
On Monday, AMC Entertainment confirmed that it plans to accept Bitcoin as payment. On an investor call, CEO Adam Aron confirmed these plans saying that the technology systems to process Bitcoin payment is being set up and would be ready by the end of the year. The CEO further confirmed that the company’s new investors were “enthusiastic” about crypto. According to the announcement, once the system is working, customers will be able to pay for movie tickets across all U.S AMC theatres.
This comes at the back of controversy over Amazon’s accepting Bitcoin payments. Now confirmed as a rumour, AMC is now viewed as a major step in the mass adoption of Bitcoin. As such, the announcement has been celebrated by the crypto community.
AMC says they
