The large US movie theatre chain, AMC Theatres, will add bitcoin as a payment option by the end of the year, said the organization’s CEO Adam Aron. Thus, the number of global brands adopting BTC keeps growing after the recent announcements from Philipp Plein, Sheetz, Quiznos, and more.
- Founded in 1920, AMC Entertainment Holdings is among the world’s largest theatre chains, with over $1 billion in revenue as of last year.
- During an earnings call on Monday, the organization announced intentions to start accepting the primary cryptocurrency as a means of payment by the end of the year.
- Customers will be able to buy movie tickets and concessions if they purchase them through all of the US-based theatres.
- It’s worth noting that AMC’s shares, which exploded in popularity earlier this year with the WallStreetBets saga, increased by more than 4% on Monday after the announcement and the earnings call.
- By outlining plans to adopt BTC, the theatre chain firm has joined other prominent names to do so in recent months.
- CryptoPotato reported recently that the German fashion giant Philipp Plein International AG highlighted its intentions in a blog post.
- Other household names to accept bitcoin or other digital assets in the past few months include – Wellbots, Progressive Care, Sheetz, Landry’s Inc., Quiznos, and many more.
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.
Source: https://cryptopotato.com/amc-theatres-to-accept-bitcoin-payments-by-the-end-of-2021/
- &
- AI
- All
- among
- Announcement
- Announcements
- Assets
- Billion
- Bitcoin
- Bitcoin Payments
- Blog
- border
- brands
- BTC
- buy
- call
- ceo
- CNBC
- code
- content
- cryptocurrency
- digital
- Digital Assets
- Earnings
- Entertainment
- Fashion
- Fees
- Firm
- Free
- Futures
- Global
- Growing
- Highlighted
- household
- HTTPS
- Inc.
- International
- large
- Limited
- Monday
- months
- movie
- names
- offer
- Option
- Other
- payment
- payments
- purchase
- Reading
- revenue
- Share
- Shares
- So
- Sponsored
- start
- Trading
- us
- USDT
- worth
- year
More from CryptoPotato
Ethereum Price Analysis: ETH Bounces From $1,700 And Recovers Over $200, What’s Next?
Source Node: 939770
Time Stamp: Jun 23, 2021
Upbit Dominates South Korea’s Crypto Market, Ranking Top 5 Globally: Report
Source Node: 2559838
Time Stamp: Apr 28, 2024
Cardano Price Analysis: ADA Bulls Stopped at $1.6, What’s Next?
Source Node: 1144789
Time Stamp: Jan 18, 2022
Leading Smart Product Retailer Wellbots Now Accepting Bitcoin Payments
Source Node: 1858002
Time Stamp: Jul 12, 2021
Gold Prices Touch $2,000 Amid Russia-Ukraine War, Bitcoin and Equities Decline
Source Node: 1202624
Time Stamp: Mar 7, 2022
236K BTC Sold by Large Institutions Since Terra’s Implosion in May
Source Node: 1591967
Time Stamp: Jul 24, 2022
Superfluid Secures $5.1M to Launch Distribution Pools and Unlock One-to-Many Streams
Source Node: 2491378
Time Stamp: Feb 22, 2024
Despite the Price Crash: Bitcoin Hash Rate and Mining Difficulty at ATH
Source Node: 1149940
Time Stamp: Jan 21, 2022
Indian Government Does Not Want Cryptocurrencies to Take Part in its Payment System
Source Node: 1024300
Time Stamp: Aug 11, 2021
Coinbase Already in Line With SEC Proposal, Argues Company CLO
Source Node: 1960897
Time Stamp: Feb 16, 2023
Ethereum-Based Online Casino BC.GAME Receives the Highly-Praised Curacao License
Source Node: 1057392
Time Stamp: Sep 3, 2021