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- Robinhood restricts crypto trading as Dogecoin soars 300 percent
- AMC to $ 7500 per share?
- GameStop short squeeze
- AMC will let customers pay in Ethereum and Litecoin by the end of the year
- AMC Theatres Now Accept Bitcoin For Payment
- AMC To Accept Bitcoin And Crypto For Payment, Are NFT Commemorative Tickets Next?
- AMC theaters will accept cryptocurrencies beyond Bitcoin
- Budget 2022-23: India to get its own digital currency by RBI next year, says FM
- AMC and Sony to offer NFTs to people who buy advance Spider-Man tickets
Robinhood restricts crypto trading as Dogecoin soars 300 percent
However, such a tie-up entails significant risks and pitfalls. Crucially, we do not know the nature of the partnership that is being mulled over. For instance, is AMC Entertainment willing to offer up its gigantic screens to gamers? Amid a pandemic-driven lull in blockbuster releases, such a strategy makes sense, at least prima facie. However, most gamers prefer to engage in this activity from the comfort of their homes, often on custom-built gaming stations and rigs that are tailored to their individual taste and preferences.
What about Esports events? After all, AMC Entertainment theaters can serve as a perfect venue for holding these gaming events. True, such a tie-up does make sense. Bear in mind that both AMC Entertainment and GameStop have been presented with a once-in-a-lifetime opportunity to revive their failing business models, and run-of-the-mill ideas simply would not work.
While the details are scarce at the moment, the website references players, creators, and collectors, thereby indicating an incoming ecosystem to cater to the gaming community. For the uninitiated, NFTs are digital imprints of photos, videos, and other digital files that are stored on a blockchain. Nonetheless, as stated earlier, we do not know the precise configuration that a partnership between GameStop and AMC Entertainment would take.
It might not even materialize. If the tie-up consists of conventional ideas described in the earlier part of this article, it might not catch on. On the other hand, ingenuity and out-of-the-box thinking might win the day. It is for these reasons that I believe a potential partnership between AMC Entertainment and GameStop is as risky as a first date arranged by your friends — a small chance of success and an overwhelming potential for disaster.
By Rohail Saleem. Sep 9, EDT. Share Tweet Submit. The author has no position in any of the stocks mentioned. Subscribe to our newsletter.
AMC to $ 7500 per share?
You won't have to stick to Bitcoin if you're determined to pay for your movie ticket with cryptocurrency. He didn't have a narrower timeframe for digital currency payments beyond "year-end Aron made the decision to accept cryptocurrency after the combination of the meme stock frenzy from earlier in as well as a turn on the board of a blockchain contractor. As you might guess, the CEO is betting tech fans will translate their enthusiasm for AMC stock to business at theaters.
GameStop short squeeze
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AMC will let customers pay in Ethereum and Litecoin by the end of the year
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AMC Theatres Now Accept Bitcoin For Payment
The announcement follows through on a promise made in a shareholder call back in August , in which chairman and CEO Adam Aron said the company, best known for operating nearly 1, movie theaters around the globe, would accept Bitcoin for tickets and concessions ordered online. At the time Aron added that the theater chain, with U. On Thursday, AMC joined an increasing number of mainstream companies now participating in the Bitcoin economy, including Square, MicroStrategy and Tesla, all of which have bought and now hold Bitcoin as a treasury reserve asset. It is unclear whether and to what extent AMC plans to hold any Bitcoin in reserve. While accepting cryptocurrencies outside of Bitcoin for payment may be viewed as a negative to some Bitcoin maximalists, it is surely better for mainstream adoption than companies that are opting not to accept Bitcoin at all. Time will tell whether AMC Theatres' Bitcoin strategy strengthens in proportion to its understanding and experience handling Bitcoin.
AMC To Accept Bitcoin And Crypto For Payment, Are NFT Commemorative Tickets Next?
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AMC theaters will accept cryptocurrencies beyond Bitcoin
Thanks for contacting us. We've received your submission. Ownership of NFTs is recorded on a blockchain, or digital ledger, where transactions of cryptocurrencies like Bitcoin are recorded. NFTs differ because unlike cryptocurrencies, they cannot be exchanged for dollars or other assets.
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AMC and Sony to offer NFTs to people who buy advance Spider-Man tickets
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