This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.

AMC Will Also Accept Ethereum, Litecoin And Bitcoin Cash Alongside Bitcoin


Visit: Benzinga


Benzinga Staff Writer

Movie theatre chain AMC Entertainment Holdings Inc. AMC will accept other cryptocurrencies such as Ethereum (CRYPTO: ETH), Litecoin (CRYPTO: LTC) and Bitcoin Cash (CRYPTO: BCH) in addition to Bitcoin (CRYPTO: BTC) for online ticket and concession payments.

What Happened:

AMC Entertainment CEO Adam Aron took to Twitter to announce the company’s decision.

Click here to see tweet.

AMC Entertainment said in August that it will begin accepting Bitcoin as payment for movie tickets and concessions by the end of this year.

The company’s move at that time had evoked mixed reactions from cryptocurrency fans and experts on Twitter, with supporters of Dogecoin (CRYPTO: DOGE) asking whether they would be able to pay in the meme cryptocurrency.

Why It Matters: 

AMC’s expansion into Ethereum and other cryptocurrencies highlights the increasing relevance of cryptocurrencies in mainstream circles as an investment option and in day-to-day activities.

Companies such as MicroStrategy Inc. MSTR and Twitter IncTWTR CEO Jack Dorsey’s financial payments company Square Inc. SQ are heavily invested in Bitcoin.

AMC Entertainment’s year-to-date gains stand at an impressive 2,109.4% as the company continued to see high interest from retail investors.

Price Action:

AMC Entertainment shares closed almost 1% lower in Wednesday’s regular trading session at $46.84 and further declined 0.7% in their after-hours session to $46.50.

Ethereum is up almost 6.4% during the past 24 hours, trading at $3,614.54 at press time, while Litecoin is up 5.3% during the 24-hour period to $190.75. Bitcoin Cash is up almost 0.8% during the past 24 hours to $643.63.

Originally Posted on September 16, 2021 – AMC Will Also Accept Ethereum, Litecoin And Bitcoin Cash Alongside Bitcoin: CEO

Disclosure: Benzinga

© 2021 Benzinga does not provide investment advice. All rights reserved.

Disclosure: Interactive Brokers

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Benzinga and is being posted with permission from Benzinga. The views expressed in this material are solely those of the author and/or Benzinga and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

In accordance with EU regulation: The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.

Disclosure: Digital Assets

Trading in digital assets, including cryptocurrencies, is especially risky and is only for individuals with a high risk tolerance and the financial ability to sustain losses. Eligibility to trade in digital asset products may vary based on jurisdiction.

trading top