AMC Theatres Adds Three More Crypto to the Payment List Along with Bitcoin

AMC Theatres ($AMC), the world’s largest cinema theatre chain that announced its plans to accept Bitcoin ($BTC) payment for online ticket booking has extended its crypto payment list to add three more crypto payment options. Adam Aron, the CEO of the group took to Twitter to announce the news that the company would also accept Ethereum ($ETH), Litecoin ($LTC), and Bitcoin Cash ($BCH) along with Bitcoin. He said,

“Cryptocurrency enthusiasts: you likely know  AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin, and Bitcoin Cash.”

Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect that we similarly will accept Ethereum, Litecoin and Bitcoin Cash. pic.twitter.com/uKcFyQotoJ

— Adam Aron (@CEOAdam) September 16, 2021

AMC Theatres made headlines earlier this year when it made a full recovery from the brink of bankruptcy and closure. The company’s stocks were among the few which were short squeezed by a group of Redditors and retail traders amid heavy short buying. The theatre company along with GameStop ($GME) recorded a crypto-like surge attracting attention from the media world over. At that time crypto-community had called upon $AMC to add Bitcoin and crypto payment options.

Litecoin Find a “Real Taker” After Walmart Fiasco

The addition of Litecoin to the payment list by the movie theatre giants came as redemption for “OG” cryptocurrency after the recent Walmart fiasco. A couple of days back a fake Walmart press release announcing that the retail giant would start accepting LTC payments from October became the center of discussion. The fake news managed to fool its way through several reputed media houses including Reuters and CNBC and was first tweeted by Litecoin’s official Twitter handle.

The news led to a significant pump in $LTC price surging it over 20% within minutes and as Walmart later clarified that the press release was indeed fake, the price fell back to initial levels. Thus, AMC’s announcement came as a relief for many LTC proponents.

$AMC will accept Litecoin; this sounds criminal to me; did $GS advise on this? https://t.co/m9MTq636Id

— Patrick Comack (@patrickcomack) September 16, 2021

About Author

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.