On September 16, AMC Entertainment Holdings Inc., the largest theater chain in the United States, stated that it plans to start accepting bitcoin for online ticket purchases and licensed products before the end of this year, as well as other cryptocurrencies.
Earlier, AMC announced in its second-quarter profit report released in August that it would accept Bitcoin online ticket purchases and purchase coupons before the end of this year.

AMC CEO Adam Aron said on Twitter on Wednesday that the company’s theaters plan to start accepting Bitcoin online ticket purchases and purchases and licensed products before the end of this year. Aron added that other cryptocurrencies such as Ethereum, Litecoin and Bitcoin Cash will also be accepted.

Aron wrote: “Cryptocurrency enthusiasts: As you may know, AMC Cinemas has announced that we will accept Bitcoin for online ticket purchases and licensed products before the end of 2021. I can confirm today that when we do, we I also look forward to accepting Ethereum, Litecoin and Bitcoin Cash as well.”
During the quarterly earnings conference call in the second quarter of 2021, AMC announced that it is building a system that supports Apple Pay and Google Pay, and plans to launch it before 2022. By then, consumers can use Apple Pay and Google Pay to buy movie tickets.

With Apple Pay, customers can use credit or debit cards stored in the Wallet app on iPhone and Apple Watch to pay in stores.

AMC is the operator of Wanda’s US chain theater chain. At the same time, AMC owns cable TV channels, which are provided to nearly 96 million American households through cable and satellite services.

Due to the meme stock frenzy earlier this year, AMC’s stock price has risen by a staggering 2,100% so far this year.

More and more companies accept Bitcoin and other cryptocurrencies as payment, including PayPal Holdings Inc. And Square Inc. .

Earlier, according to the “Wall Street Journal” report, PayPal Holdings Inc. It will begin to allow its users in the UK to buy and sell cryptocurrencies on its platform. PayPal announced that the company’s UK users will be able to buy, hold and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash through the platform. This new feature will be launched this week.

Earlier this year, Tesla announced that it would accept Bitcoin payments, which caused a sensation, but after CEO Elon Musk expressed concern about the impact of crypto mining on global energy use, the company These plans were discontinued in May.

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