Amc and crypto

AMC Theatres, the largest movie theater chain in the U. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period.

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AMC Officially Begins Accepting Bitcoin, Ethereum, and These Popular Altcoins for Payment

In what could be another blow to the theater industry, Warner Bros. Pictures on Thursday announced that all of its films will stream on HBO Max during the same time the films will be playing in theaters.

Photo : Getty Images. Big newsflash! Dogecoin next. If it still needs to be clarified, you cannot use any of the accepted cryptocurrencies mentioned above for buying tickets in person. Aron made it clear that AMC Theaters is only accepting crypto payments online. CoinDesk has also reported that apparently, the company is expecting to allow Dogecoin payments for tickets next. The company has claimed that they're "exploring" the idea of adding SHIB.

And if things fall through, it will be the second meme-based cryptocurrency they're going to support after Dogecoin. All AMC Theaters locations will be accepting the tickets people paid for in crypto from here on out, or until major circumstances prompt a change in the future.

AMC Theaters first announced their plans to explore crypto payment options back in September. Aron further noted that AMC Theaters has been "intrigued" by the lucrative business potential of cryptocurrency payments. Hence, the decision to allow digital currencies by the company. Right now, AMC is experiencing a business boom. Entering the cryptocurrency industry can prove to be even more lucrative for AMC Theaters too. This is considering the fact that the adoption of digital currencies is becoming even more widespread, and that movie theaters have started reopening amidst relaxed pandemic restrictions.

Americans have increasingly been investing in crypto recently. In a way, AMC Theaters' decision to accept crypto payments for online ticket sales could be classified as being "just in time. For now, it still remains to be seen if other big-name companies are going to follow AMC Theaters' lead. Facebook facebook Twitter twitter Reddit reddit Comment. Do not reproduce without permission. Subscribe to Tech Times! Sign up for our free newsletter for the Latest coverage! Don't Miss.

Lemvi Crypto AMC

AMC recently announced it would soon allow moviegoers to pay for tickets in bitcoin , and now CEO Adam Aron has said that cryptocurrency push will expand to include Ethereum, Litecoin, and Bitcoin Cash. Cryptocurrencies have certain use cases, like favorable fees sending money abroad and the ability to clear transactions more quickly than through traditional banking. Legislators in the U. Banding together as a collective, Redditors have been able to become their own formidable force, profiting by picking winners and losers — like AMC and GameStop — in the same way that Wall Street can force a company up or down based on predictions. And people have started to return to theaters, though AMC is still seeing far viewer visitors than pre-pandemic. There remain questions about how the switch to streaming will impact theaters.

View Amnext crypto price and chart live, AMC market cap, hour trading volume, circulating supply, latest news and more.

Odeon owner AMC to accept payment in Bitcoin

The new crypto transactions are expected to be available by the end of the year, and include Ethereum , Litecoin, and Bitcoin Cash. One of the original meme stocks to breakout in , AMC stock boasts an incredible 2, And while the equity is on track to snap a five-week winning streak thanks to two days of losses, the day moving average stepped up to save yesterday's dip. In addition, the day trendline still remains positioned well underneath, even providing a safety net for an early August pullback. An unwinding of pessimism from analysts could also provide some tailwind's for the security. Of the five in coverage, three still rate AMC a tepid "hold," and the remaining two sport a "strong sell. Toggle navigation. Schaeffer's Volatility Scorecard. Featured Publication. Trading Analysis.

AMC to accept BTC, Ethereum and other cryptocurrencies

amc and crypto

AMC announced back in August that it will start accepting cryptocurrency by the end of the year. Now, company CEO Adam Aron has revealed on Twitter that you can already use your digital coins to purchase movie tickets. Big newsflash! Dogecoin next. It sounds like moviegoers are welcoming the new payment method with open arms, since it apparently already accounts for 14 percent of the company's total online transactions.

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Theater chain AMC to accept other cryptocurrencies along with bitcoin

AMC Entertainment is seemingly exploring ways to add Shiba Inu to the list of cryptocurrencies that it accepts as a payment method at its theatres. The movie chain is currently gearing up to accept bitcoin, Dogecoin, Ethereum, and Litecoin for tickets and concessions in the coming months. Plus customers can already buy digital gift cards with Dogecoin via a BitPay wallet. AMC also revealed that they will be prepared to accept crypto payments in Q1 The writing for Shiba Inu is nearly on the wall. AMC is not done innovating and is also interested in potentially issuing its own cryptocurrency as well as going down the rabbit hole on non-fungible tokens, or NFTs via partnerships with movie studios.

AMC Gets ‘Hyperactive’ About Cryptocurrency and May Issue Its Own

The world's largest movie exhibition company, AMC Theatres, is on track to accept popular meme cryptocurrencies Dogecoin and Shiba Inu within the first quarter of this year. The CEO of AMC Theatres, Adam Aaron, has provided an update on the company's progress in implementing Dogecoin and Shiba Inu online payments after he was repeatedly asked for a launch timeline on Twitter by meme coin community members. I am being told that we are still well on track for the promised Q1 implementation, with exact timing most likely in March. AMC Theatres , is the largest movie exhibition company in several markets across the world including the US and Europe. The company owns or operates approximately theatres and 10, screens globally. At that time, Bitpay had not started supporting Shiba Inu.

Cryptocurrency users have something to celebrate today as AMC Theaters is now accepting the digital currency as payment.

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. Calvin Becerra went viral earlier this year for a less-than-ideal reason.

AMC Entertainment , the movie theater chain beloved by many cryptocurrency enthusiasts, is officially accepting select digital assets for online payments, CEO Adam Aron revealed in a tweet late Thursday. We proudly now accept: drumroll, please… bitcoin , ether , bitcoin cash , and litecoin ," he said. The unveiling of the new mode of payment came after Aron teased the possibility multiple times in the past. He said in September that he intended to have it in place by year-end. The inclusion of dogecoin can be attributed to a recent Twitter poll Aron launched, asking for input on whether AMC should consider accepting it.

AMC, the US cinema chain that owns Odeon, says it will allow customers to pay for movie tickets and concessions in Bitcoin by the end of the year.

AMC Entertainment Holdings Inc boss Adam Aron said the theater chain would accept ether, bitcoin cash and litecoin alongside bitcoin for ticket purchases, as cryptocurrencies gain acceptance among mainstream investors and companies. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash," Aron said in a tweet on Wednesday. The company said in August that it would start accepting bitcoin, the most popular cryptocurrency, by the end of the year. Prices of bitcoin and ether were marginally down, while litecoin was up 1. Many big corporations in America are jumping on to the crypto bandwagon even as concerns grow over the environmental impact since "mining" digital currencies consumes massive amounts of energy. For me, it's still not a nicely established currency in the sense that it's more of an investment for the future or for something that we may want to have in the future," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

Aron said last month that the dog-faced coin would be included in the list of cryptos that can be used to buy tickets. Huge news Dogecoin fans! Accepted on our web site, mobile app, and in theatres.

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  1. Sharif

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