During a recent interview with Fox Business, Adam Aron, CEO of movie theater giant AMC, said that his company had to “watch and see” whether or not it would be able to take advantage of embracing cryptocurrencies.
Only time will tell how big cryptocurrency is.
As reported by U.Today, Aron recently announced that AMC would start accepting Shiba Inu and Dogecoin, the two largest meme cryptocurrencies, later this March.
The cinema chain, which operates 1,004 movie theatres in 15 countries, started accepting Bitcoin and some major altcoins in November.
Aron says that Apple Pay, Google Pay and PayPal payments already account for roughly 50% of the total online ticketing.
Alex DovbnyaThe AMC boss reiterated the company’s plan to issue its own cryptocurrency, but the plan is still up in the air.
He notes that the regulatory framework around cryptocurrencies is changing at a rapid pace, stressing that the prominent chain is focused on complying with every existing regulatory guidance:
AMC, as a company, has always wanted to stay very far on the fight side of the law.
The movie theater chain is riding high on the success of “The Batman,” which has nabbed a $129 million domestic debut. AMC accounted for roughly a third of the superhero movie’s ticket sales.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov