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AMC Entertainment accepts Bitcoin, Ethereum and other cryptos

AMC relies on Bitcoin & Co (Photo: MNAphotography / shutterstock)

It was communicated months ago, now it is official: AMC Entertainment now accepts Bitcoin as a means of payment for online sales. Implementation was only expected in the coming year. Now AMC CEO Adam Aron is making happy faces among fans of crypto currencies with a tweet. Aron has not only published the immediate acceptance of Bitcoin, but also of the recently strong cryptocurrencies Ethereum, Litecoin and Bitcoin Cash. In addition, the meme currency Dogecoin will follow in the foreseeable future, but the exact date is not known.

Are further cryptocurrencies planned?

At least in the short term, there should be no changes in AMC’s plans, so that it can be assumed that for the time being the five crypto currencies that the cinema chain accepts as a means of payment will remain.

Currently, however, many are wondering what will happen to Shiba Inu. The SHIB token could also be introduced as a means of payment. CEO Aron had announced this through a Twitter poll. The survey quickly revealed that most users are in favor of introducing the potential “Dogecoin killer” Shiba Inu as a means of payment. It is not clear whether and when SHIB will follow.

AMC share struggles

Recently, AMC was able to announce some success stories again. Among other things, the company was able to sell as many cinema tickets as it had not for over a year. In the meantime, the cinemas in many countries were closed for a long time due to the corona pandemic.

In the course of During the week, the AMC share lost around 17 percent of its value before the share price rose again slightly. Nevertheless, many investors are likely to keep an eye on the stock with caution. Since the beginning of the year, the AMC share has increased its value roughly twentyfold and is currently trading at around 40 US dollars. That was because AMC, like GameStop, had moved into the focus of small investors from the Reddit subreddit WallStreetBets. This is also the case with Dogecoin and Shiba Inu tokens. It could be all the more important for the company to accept Dogecoin and Shiba Inu as a means of payment.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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