The CEO of AMC Entertainment Holdings Adam Aron says the movie theater chain will enable tickets to be purchased online using four cryptocurrencies by the end of this year.
Aron tweeted that by the close of 2021, the movie chain will start accepting Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).
AMC will also begin accepting Bitcoin (BTC), whose eligibility as a means of payment was announced last month, within the same time frame.
“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.”
Aron initially announced that AMC would be accepting Bitcoin for the online purchase of tickets to US theaters in August of 2021, saying that many of the movie chain’s new shareholders were “quite enthusiastic about cryptocurrency.”
Aron mentioned his knowledge of cryptocurrencies had grown exponentially after joining the board of Centricus, a special purpose acquisition company looking to acquire quantum encryption and blockchain technology firm Arqit.
“I’ve had to learn more in the past six months about blockchain and cryptocurrency than I learned about it in the entire decade before that.
This increased knowledge has given me the confidence to tell you all today that AMC is hereby formally announcing on this call that by year end, we will have the information technology systems in place to accept Bitcoin as payment for movie tickets and concessions, if purchased online, at all of our US theaters.”
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Featured Image: Shutterstock/withGod/Vladimir Sazonov
