certify
Home arrow Article arrow Article Detail

AMC to accept Bitcoin for movie tickets

Profile Image

Shivangi Mujumdar Follow

INDIA

Aug, 14 2021

Aug, 14 2021

likes | comments 0

Article Image

The AMC- American cinema hub has declared that it will consider accepting Bitcoin movie tickets by the end of 2021. Since they are getting huge demand from the customers, this initiative is approached

According to the AMC the payment from customers will be accepted in Google Pay and Apple Pay as the payments of Bitcoin and cryptocurrencies.

Let’s check out the updates by AMC:

AMC Entertainment specified on Monday that it will begin accepting bitcoin as payment for movie tickets. The concessions are bought online at all of its U.S. theatres.

CEO Adam Aron specified that the movie theatre chain will have the IT systems for smooth transaction of cryptocurrency that will be accepted as payment by the end of 2021.

In mid-May Tesla had declared strategies to accept bitcoin for transactions done, but it stopped accepting bitcoin.CEO Elon Musk has commented that bitcoin will be on hold for long term.

The stocks of AMC had scaled up more than 4% in lengthy trading following a better-than dreaded earnings report. The company has announced a narrower-than-expected loss through the second quarter, along with revenue which was evaluated by the analysts’.

What does the CEO have to say?

Aron stated the company is discovering other crypto paths as well. Bitcoin may not be the only cryptocurrency that the company agrees to take overall. “We’re on the case,” Aron said, “more to come.”

The stock has united nearly 1,500% this year as the group of retail traders who harmonized trades on social media platforms. It has managed to generate a massive short embrace in the shares.


likes | comments 0

Profile Image

Shivangi Mujumdar

CBW - External Analyst

INDIA

Comments
Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
banner
Article
EAC to decide details about launching regional central bank in 2023

When it would be launched and the proposed central bank’s location are the details to be decided. The establishment of the regional central bank is expected to assist the EAC in meeting its three....;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.