AMC to Begin Accepting Cryptocurrency for Online Purchases

 Sep 16, 2021 01:14 PM EST
AMC to Begin Accepting Cryptocurrency for Online Purchases

AMC's CEO Adam Aron has announced that the theater chain will accept cryptocurrencies Ethereum, Litecoin, and Bitcoin Cash for online ticket and concession purchases in the near future.

"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," said Aron in a tweet.

The announcement was made after AMC's second-quarter earnings call saying it would be accepting the cryptocurrency.

This is just one part of a plan to limit its losses - new theater locations, alternative programming, and a new agreement with Warner Brothers for an exclusive 45-day theatrical window of their 2022 film slate prior to at-home releases are also included.



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