logo
  

AMC To Accept Ethereum, Litecoin As Payments Besides Bitcoin

Movie theatre chain AMC Entertainment Holding Inc. (AMC), plans to accept other cryptocurrencies like Ethereum and Litecoin in addition to Bitcoin as a mode of payment.

On Thursday, AMC CEO Adam Aron tweeted the company's plans to accept three other cryptocurrencies Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).

"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," Aron tweeted.

Last month, AMC had initially unveiled plans to accept Bitcoin payments for online movie tickets before the end of the year.

Aron, during the company's second-quarter earnings conference call, said, "We are also in the preliminary stage of now exploring how else AMC can participate in this new burgeoning cryptocurrency universe and we're quite intrigued by potentially lucrative business opportunities for AMC if we intelligently pursue further serious involvement with cryptocurrency."

Almost a year back, AMC was on the brink of bankruptcy, however, the company has witnessed a miraculous rise from that state, driven by by Reddit users. The company was known as "meme stock" after young investors started investing in the AMC stock.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
This Black Friday and the following holiday season, retailers across the United States are urged to keep up their inventory amid expected surge in shopping as majority of Americans wait till last minute to fill their baskets, according to certain studies. A new Oracle Retail survey, which was conducted last week and presented earlier this week, showed that 66 percent of consumers were less than Eagle, Idaho -based Flagship Food Group is recalling certain TJ Farms Select brand frozen cauliflower, citing the potential to be contaminated with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves a limited number of cases of TJ Farms Select cauliflower that comes in 16 oz. packages with lot code 2077890089 and UPC code 75544000604-3. The U.S. Food and Drug Administration has approved Takeda Pharmaceuticals Co. Ltd.'s Livtencity (maribavir) as the first drug to treat post-transplant cytomegalovirus or CMV in adults and pediatric patients. The approval is to treat patients 12 years of age and older and weighing at least 35 kilograms with post-transplant CMV infection/disease that does not respond...
RELATED NEWS
Follow RTT