AMC Theaters announced today that it will start accepting Bitcoin payments for movie tickets starting next year. The announcement came ahead of the release of the movie “War for the Planet of the Apes” in theaters June 29th. The movie theater will be the first major film distributor in the world to accept the popular digital currency.
AMC Theatres, the second largest chain of movie theaters in the US, is about to start accepting Bitcoin for upcoming movie ticket purchases. The company just announced that they would be accepting Bitcoin for tickets, starting next month. They will make the announcement later this month, at their AMC Stubs loyalty program’s annual meeting. AMC Stubs members will have the opportunity to purchase tickets using their AMC Stubs account, which they will be able to do at nearly 20,000 screens across the country. The AMC Stubs loyalty program is an organization that has been around since 2007. It’s an unsecured membership that entitles members to discounts and perks at participating theaters. The program is compatible with most major credit cards
AMC Theaters, which runs 3,341 theaters in the U.S. and another 531 internationally, plans to accept bitcoin payments for movie tickets in California and Texas, and possibly other states.
TL;DR Summary
• Apple Pay and Google Pay will take BTC payments, while AMC intends to utilize crypto payments before the end of the year.
AMC, a well-known movie theater, has stated that it is contemplating accepting Bitcoin as payment for movie tickets. Cryptocurrencies have sprung onto the big screen in North America, and no one has been disappointed thus far. The AMC chain, according to reports, intends to utilize Blockchain technology to allow customers to pay fast at its headquarters.
According to the business’s CEO, Adam Aron, the company is attempting to connect to cryptocurrencies and take payments through Google and Apple Pay. Both smartphone apps are notable for their ability to accept payments instantly.
In movie theaters, AMC accepts BTC payments.
AMC CEO Adam Aron stated via video conference Monday night that he is looking into the usage of cryptocurrency. The patronage of AMC, as well as most other movie theaters, has plummeted as a result of Covid-19, but the cinema is now attempting to recoup using cryptocurrency.
Aron is certain that AMC movie theaters will have the technology in place to accept BTC payments. Users will be able to make bitcoin payments via systems like Google Pay and Apple Pay.
AMC uses cryptocurrency to buy movie tickets in its theaters and online, according to Aron’s comments. Aron states that he accepts Bitcoin as payment, but he does not rule out the usage of other cryptocurrencies in the future.
Adam Aron adds that his team considers all of the crypto alternatives. The CEO is intrigued by the potential of cryptocurrencies to fuel e-commerce.
Aron believes that using cryptocurrency is the most logical approach to enhance the brand, and he may be correct. The CEO also confirms that BTC payments would be available in movie theaters before the end of the year.
AMC’s stock has risen as a result of the bitcoin news.
The cryptocurrency market never ceases to surprise, and every news involving them is sure to get a positive response. In less than 24 hours after Adam Aron’s comments on BTC payments, AMC’s stock surged 7%. Bitcoin’s price has risen in the past week, now trading around $45000.
Without a question, cryptocurrencies are gaining popularity, and more North American businesses are embracing them. Cryptocurrencies are evolving from an investment vehicle to a virtual currency that can be used to purchase goods and services.
Other businesses, such as Elon Musk’s Tesla, have embraced the challenge and now accept Bitcoin as payment for their cars. Musk, on the other hand, has made many bets on digital assets, lowering their value.
AMC, on the other hand, has been open to crypto and, for the time being, has a decent choice of how it works. AMC will accept Bitcoin payments at all of its locations in the United States.
AMC Theaters (AMC) announced that it will begin accepting Bitcoin as a form of payment for its AMC Stubs A-List program, which lets you earn points and redeem them for AMC Stubs rewards at any time. At the moment, the service is limited to select theaters in the U.S., but the company plans to expand to other theaters and countries in the future.. Read more about amc it will accept bitcoin movie and let us know what you think.
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