According to AMC Theatres CEO Adam Aron, the company is noticing a surge in the use of Bitcoin and other cryptocurrency payment options. The company’s CEO stated in a recent interview that the adoption rate has been amazing. On Monday, May 9, at the company’s 2022 Q1 results call, Aron stated:
“The same IT programming that was required for us to accept cryptocurrency also enabled us to accept other payment types, including Apple Pay, Google Pay, Paypal, Bitpay, and Venmo, among others. Taken together, these various new payment options impressively recently represented about 35% of our total online payments.”
As a result, a third of AMC‘s online payments are crypto or digital, according to the CEO. AMC accepts a variety of digital currencies, including Bitcoin, Ethereum (ETH), Litecoin, and Bitcoin Cash, as well as Dogecoin (DOGE) and, more recently, Shiba Inu (SHIB).
As the company’s CEO stated, the company’s entry into the cryptocurrency sector was met with enormous enthusiasm, and adoption has been extremely strong.
Aside from entering the cryptocurrency market, the theater chain operator is also looking into non-fungible tokens (NFTs).
AMC now has eight separate projects that have either been released or are actively being developed for distribution this year, according to Aron. The CEO went on to explain that the technology has helped the company increase movie ticket sales.
Sony Pictures released Spider-Man: No Way Home in November, and members of the “AMC Stubs Premiere & A-List” and “AMC Investor Connect” memberships received 6,000 Spider-Man NFTs, which were distributed by the theater on the first day of release.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Patrick
CoinCu News
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…
VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…
President-elect Donald Trump named Bo Hines as the executive director of the presidential crypto council.
Explore the best new meme coins with 1000X potential. Learn how BTFD Coin leads with…
This website uses cookies.