AMC Entertainment Holdings, which operates the largest US cinema chain, will accept Bitcoin payments for tickets and franchises later this year, CEO Adam Aron mentioned in a press convention in the second quarter of August ninth.
“We’re also in the preliminary stages of researching how AMC can enter this growing crypto space, and we’re pretty intrigued by the potential lucrative business opportunities for AMC if we step in. Get into crypto the smart way,” mentioned Aron.
The CEO added that AMC will additionally begin accepting payments via Apple Pay and Google Pay from the finish of 2021, however didn’t specify how they will cope with crypto payments made via fee gateways like BitPay or maintaining BTC on stability like Tesla did.
AMC has 593 theaters in the United States and 335 areas worldwide. The firm’s shares traded at round $ 33 on Monday morning. Following the announcement, the inventory price rose 13.2% earlier than closing the session and falling to round $ 33.8.
During the hustle and bustle of the Wall Street Bets motion on Reddit earlier this year, “meme stocks” like GameStop and AMC soared dozens of occasions regardless of the battered movie show chain as a consequence of the results of the Covid pandemic.
Tan
According to Coindesk
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Explore why Qubetics, Bitcoin, and AAVE are the Best Coins to Join Now. Dive into…
MicroStrategy buys 15,350 BTC; Ripple launches RLUSD; Lido exits Polygon; BTC drops post-ATH; reduced liquidity…
Bybit Proof of Reserve reveals BTC holdings at 50,412 (-8.55%), ETH at 525,641 (+8.11%), and…
Key Points: Bitcoin Spot ETF Inflows totaled $449M, led by BlackRock’s $1.45B contribution. Ethereum Spot…
Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…
Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…
This website uses cookies.