AMC Theatres CEO Adam Aron has announced an idea to support more cryptocurrencies than simply Bitcoin, highlighting these digital coins’ growing role in society. The corporate previously said that its customers would be ready to buy concessions and tickets online using Bitcoin, the foremost popular crypto. Still, it seems that Litecoin et al. also will be options.
Amid the GME hype, many turned to AMC because of the following extensive meme stock. Perhaps as a nod to those investors, AMC Theatres previously said that it might accept Bitcoin payments in some cases. The newest update from Aron reveals that Etherium, Litecoin, and Bitcoin Cash also will be accepted. The expansion comes only around a month after the Bitcoin announcement.
Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash. pic.twitter.com/uKcFyQotoJ
— Adam Aron (@CEOAdam) September 16, 2021
Though it’s not the big primary company to accept crypto payments, AMC Theatres is among the foremost notable because it may be a place consumers are likely to go daily. Crypto as a tangible — or, at least, the most critical digital asset within the category — has moved into the mainstream with apps like PayPal making it easy to shop for and use the coins.
Based on the CEO’s tweet, it seems the Litecoin, Bitcoin Cash, and Ethereum support will be available at an equivalent time because of the Bitcoin support when it launches toward the top of this year. The larger question is whether or not crypto enthusiasts will be willing to buy their tickets and popcorn using their digital assets.
The fees related to these transactions are still high within the majority of cases, and lots of are holding their crypto assets in the hope that they gain value within the coming years. the whole market remains volatile; there was an enormous crypto crash earlier this year, for instance, that saw hundreds and thousands of dollars in value shaved off various coins. Despite that, more companies are expressing interest in crypto than ever.