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AMC confirms plan to accept cryptocurrency payments

September 17, 2021 48

AMC, the largest movie exhibition company in the U.S., Europe, and the world, has unveiled its plan to accept cryptocurrencies by the end of the year. As of March 31, AMC owned or operated approximately 950 theaters and 10,500 screens globally.

AMC CEO Adam Aron tweeted Wednesday:

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.

AMC unveiled its plan to accept Bitcoin during an earnings call in August. The CEO detailed on Twitter at the time.

“By year-end, we will have the technology in place to use Apple Pay and Google Pay in our online ticketing,” Aron tweets. “And in a breakthrough, we also expect by year-end to accept payment online in Bitcoin. That’s a historic step for AMC.”

“I see that many of you are crypto enthusiasts,” Aron continues. “AMC is pleased to get out in front, by planning to accept payment online in Bitcoin.”

Aron clarified:

If it remains safe and reliable to use, it would seem that cryptocurrency will get even more important in future years.

What do you think about AMC accepting cryptocurrencies by year-end? Let us know in the comments section below.

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