AMC Entertainment aims to accept Bitcoin (BTC) payments for its movie tickets by the end 2021!

XcelTrip|2 min read|Aug 18, 2021

The American cinema giant AMC Entertainment aims to accept Bitcoin (BTC) payments for its movie tickets by the end 2021!

AMC CEO and Chairman Adam Aron made a speech in a conference call about the company’s Q2 results. He states during the announcement of the Q2 results that the cinema chain plans to secure a bitcoin payment infrastructure. He added that the infrastructure would accept payments of online movie tickets in BTC by late 2021.

The AMC’s Q2 results have shown significant improvement when compared to its status last year. It reported a $444 million revenue compared to the second quarter (Q2) of 2020, which was $18.9 million. The Net losses also reduced from $561million to $349 million, or $5.38 per share to $0.71 per share yearly.

Though there is no detailed information regarding AMC’s plan to adopt Bitcoin payments, Aron, the CEO, reported the customer’s strong demand to pay for movie tickets in BTC.

In addition to bitcoin payment adoption, the American cinema giant AMC has also revealed its plans to expand its business. They have decided to open over a dozen branches across Europe, Middle East, and the United States this year.

The overwhelming Q2 output of the company surfaced within a space of one year that the AMC seemed to be fated for bankruptcy. Then, the drastic wave from the global coronavirus pandemic caused the forceful closure of the cinema venues.

However, through its assembling of fresh financing, the company could defeat the pandemic waves. This helped to revive the world’s largest cinema and its chains of businesses.

Add cryptocurrency to your everyday life. Explore decentralized travel platform XcelTrip and enjoy your travel with cryptocurrency.



Login to your account.