March 29, 2024

AMC Cinema Network Will Accept Bitcoins

AMC Cinema Network Will Accept Bitcoins

The world's largest movie theater chain, AMC Entertainment, announced Monday that it will begin accepting...Bitcoins as payment for tickets.

During the financial report, AMC Entertainment CEO Adam Aron said that by the end of the year, each cinema will be equipped with IT systems for accepting cryptocurrency, as well as Apple Pay and Google Pay.

Amid the news, AMC shares gained more thanup 4% on Monday. However, the company is still facing serious financial problems following the COVID-19 pandemic. Despite the fact that 95% of all AMC cinemas were reopened in the beginning of summer, even the most popular films do not gather a full house now.

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