logo

AMC plans to accept BTC payments for movie ticket purchases

BTC payments

TL;DR Breakdown

• AMC will accept BTC payments from Apple Pay and Google Pay.
• AMC plans to use crypto payments by the end of the year.

AMC, a prestigious movie theater, announced that it is considering using BTC payments for movie tickets purchase. Cryptocurrencies have hit the big screen with a North American momentum that has so far left no one disappointed. According to announcements, the AMC chain wants to take advantage of Blockchain technology so users can quickly pay at their headquarters.

The company CEO, Adam Aron, said that the brand is trying to link to cryptocurrencies and accept payments using Google and Apple Pay. Both mobile applications stand out for offering instant payments.

AMC supports BTC payments in movie theaters

BTC payments

Adam Aron, the AMC CEO, announced by video call Monday night he is analyzing the use of cryptocurrencies. AMC as well as most other movie theaters’ patronage has collapsed due to Covid-19 but the movie theater is now trying to recover with crypto.

Aron insists that AMC movie venues will possess the technology services that work to accept BTC payments. Users will even use platforms such as Google Pay and Apple Pay to complete these cryptocurrency payments.

According to Aron’s statements, AMC joins cryptocurrencies to purchase movie tickets in its theaters and online. Aron specifies that he accept Bitcoin as payment, although he did not refuse to use other cryptos for the future.

Adam Aron adds that his team analyzes all the options to use crypto. The CEO is drawn to ​​what cryptocurrencies can do to power e-commerce.

The most logical way Aron sees to improve the brand is to use cryptocurrencies, and perhaps he is not wrong. The executive also formally announces that BTC payments will hit theaters by the end of the year.

AMC shares surge after crypto announcements

The cryptocurrency market does not cease to amaze, and that any announcement involves them is enough to obtain a good reception. Following Adam Aron’s statements on BTC payments, shares in AMC rose 7 percent in less than 24 hours. Bitcoin has increased its price this last week, trading at $45000.

Without a doubt, interest in cryptocurrencies is taking off, and more North American companies are adopting them. Cryptocurrencies are going from a means of investment to a virtual currency that covers goods and services.

Other companies such as Tesla, managed by Elon Musk, have accepted the challenge and allow BTC payments to buy their vehicles. However, Musk has repeatedly speculated on digital assets, which has affected their value.

But AMC has been receptive to crypto and, at the moment, has a good choice about how it works. AMC will accept payments in Bitcoin at all its venues in the United States.

[wp-faq-schema title="FAQs" accordion=1]
Carisbel Guaramato

Carisbel Guaramato

An avid content creator for over 4 years, Carisbel spends her time on blogs and technology news. She honed her skills as a social communicator and now finds crypto and blockchain news events worldwide for transmission through Cryptopolitan's neutral and incisive way.

Related News

Hot Stories

Can the Web3 market hit $80 billion by 2030?
Solana price analysis: SOL declines in value to $33.7 after strong bearish trend
Contentos Vietnamese blockchain community launches NFT collection with the support of Contentos Foundation
NEO Price Prediction 2022-2031: Is it Good to Invest in NEO now?
HBAR Price Prediction 2022-2031: Hedera Hashgraph Soon to Retest its ATH?

Follow Us

Industry News

Can the Web3 market hit $80 billion by 2030?
NiceHash Launches First Solo Mining Hashpower Exchange Service to Help Struggling Crypto Miners
US Job openings fall by 6.2% - What does this mean for the crypto market?
Here are all the Three Arrows Capital NFT collection details on the verge of liquidation
Did authorities freeze Do Kwon's assets?