Ethereum

AMC Theaters introduces crypto payments for electronic gift card purchases

American film giant AMC Theaters is slowly approaching its goal of accepting crypto payments by the end of the year and is now starting crypto purchases for e-gift cards.

AMC customers can now buy digital gift cards with cryptocurrencies like Bitcoin (BTC) directly through the AMC website, mobile app and theater, CEO Adam Aron announced on October 5th.

The new payment option was activated by the large crypto payment processor BitPay, allowing consumers to purchase electronic cards for up to $ 200, noted Aron.

The CEO paid special attention to Dogecoin (DOGE) among the digital assets accepted for the purchase of electronic AMC tokens. Aron suggested in September that AMC would add DOGE to its list of cryptocurrencies accepted for ticket purchases by the end of 2021.

Aron conducted a survey of 140,000 people on Twitter and asked the community if AMC should accept DOGE payments for tickets. “Of course you think AMC should accept Dogecoin. Now we have to figure out how to do it. Stay tuned, ”said Aron at the time.

Related: Verifone enables crypto payments at major retailers through BitPay

As previously reported, Aron announced the company’s plans to accept Bitcoin as payment for movie tickets in August and is expected to introduce a new payment option, Ether (ETH), the aforementioned Litecoin (LTC) and Bitcoin Cash (BCH) in 2022 ).

Earlier this year, the major Cineplex Group, the largest cinema operator in Thailand, launched a payment attempt that allows customers to purchase tickets using cryptocurrency.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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