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
Binance-linked HKVAEX crypto exchange announces permanent closure, urging users to withdraw assets by April 30,…
Beribit in Russia faces backlash as over 25,000 registered users demand access to funds amidst…
Crypto withdrawal a staggering sum of assets from Binance, sending shockwaves through the cryptocurrency community.
Recent data from L2BEAT sheds light on the current state of the Ethereum Layer 2…
xBankFinance, a prominent zkSync ecological lending platform, has come under scrutiny amid allegations of rug…
NFT transaction volume on the Ethereum chain surged to approximately US$69.42 million, marking a notable…
This website uses cookies.