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AMC Entertainment will expand support for cryptocurrencies

The largest American cinema chain AMC Entertainment originally planned to add support for payments in BTC, but now we are talking about ETH, LTC and BCH.

It became known in early August that AMC Entertainment cinemas are planning to start selling tickets and related products for bitcoins.

How reported AMC Entertainment Chairman and CEO Adam Aron, it was decided to add support for ETH, LTC and BCH as well. It is expected that cinema goers will be able to pay with cryptocurrencies by the end of the year.

The largest American cinema chain remains unprofitable due to measures to suppress the coronavirus pandemic. However, in recent months, more and more US residents go to the cinema.

Despite being unprofitable, AMC Entertainment’s shares have surged 22 times since the beginning of the year. If in January the company’s shares were traded at $ 2, then at the moment they can be bought at $ 46, and in early June the stock price reached $ 62.

Recall that back in 2018, support for payments in bitcoin was added by the largest cinema chain in Thailand, Major Cineplex.

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