AMC Theatres To Start Accepting Bitcoin Payments By The End Of 2021

AMC theatres to start accepting Bitcoin payments by the end of 2021 as the cryptocurrency serving as a means of payment continuously gets adopted by large companies as we can see more in our latest Bitcoin news today.

The large US movie and theatre chain- AMC Theatres will add bitcoin as a payment option by the end of the year according to the CEO Adam Aron. The number of global brands adopting BTC keeps on growing after the latest announcements from Sheetz, Quiznos, Philipp Plein, and more. Founded in 1920, AMC Entertainment Holdings is among the world’s biggest theatre chains with more than $1 billion in revenue as of last year.

During the earnings call on Monday, the organization announced more intentions to start accepting the main cryptocurrency as a means of payment by the end of the year. Customers will be able to buy the movie tickets if they purchase them through all of the US-based theatres. It is worth noting that the AMC shares which exploded in popularity this year thanks to the WallStreetBets saga, increased by more than 4% after the announcement and the earnings call.

By outlining plans to adopt BTC, the theatre chain companies joined other prominent names to do this in recent months. Also, German fashion giant Philipp Plein international AG outlined intentions in a new blog post and other household names to start accepting BTC or other assets in the past few months include Sheetz, Progressive Care, Wellbots, Quiznos, and more.

Speaking of BTC, we saw The weekend continues with strong gains for BTC as the asset spiked above another price line that was coveted by reclaiming $45K and most altcoins are also well in the green led by a strogn surge from Doge of over 25% in one day. The positive developments in the USD price continue in the crypto market and the biggest asset, bitcoin was on a roll since mid-July when it dropped below $30,000. The bulls kept pushing it north and broke a resistance line after the other. Over the past few days alone, BTC pumped above $40K and continued upwards to the new three-month record registered a few hours ago. BTC surged to just over $45,000 for the first time since the recent crash and as such, the market capitalization increased to $850 billion.

Source: https://www.dcforecasts.com/bitcoin-news/amc-theatres-to-start-accepting-bitcoin-payments-by-the-end-of-2021/