American Cinema Giant AMC Plans To Accept Bitcoin For Movie Tickets

AMC CEO and President adam Aron said the cinema operator wanted to accept payment for bitcoin movie tickets. Approving bitcoin payments for movie tickets was a subsidy to consumer demand.

AMC Entertainment is America’s largest Motion Picture Company and cinema operator. It was established in 1920 with its head office in Lewood, Kansas.

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American Film giant AMC Entertainment plans to accept payments in bitcoins (BTC) for movie tickets in 2022.

AMC Q2 results
AMC CEO and President adam Aron spoke on a conference call about the company’s Q2 results. 2. at the time of the announcement of results for the quarter, it was noted that the cinema network plans to build a payment infrastructure in bitcoins. He added that infrastructure would accept online cinema ticket payments at BTC by the end of 2021.

Although there was no detail on AMC’s plan to create bitcoin payments, CEO Aron reported strong demand for customers to pay movie tickets at BTC.

AMC’s Q2 results improved significantly from last year. The company reported revenue of $ 444 million, up from $ 18.9 million for the second quarter of 2020 (Q2). Net losses also fell to $ 349 million from $ 561 million, or $ 0.71 per share, from $ 5.38 per share.

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In October, in addition to implementing bitcoin payments, American Film giant AMC also announced plans to expand its business. This year they decided to open more than a dozen branches in Europe, the Middle East and the United States.

Aron’s interest in bitcoin
The president and CEO made an unusual statement that they first heard about crypto a week before the acquisition of blockchain centricus (Arqit) technology. This happened after he was elected to the Centricus acquisition board on 6 May.

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