The AMC Cinema Network To Receive Payments In Bitcoin

During a conference call with shareholders that took place yesterday (Sunday) on the second-quarter reports of AMC Entertainment, the company’s chairman and CEO, Adam Aron, revealed that the cinema network intends to have a ready infrastructure for receiving payments for bitcoin for online movie tickets by the end. This year.

“We are also in the early stages of examining how AMC can participate in this new and evolving crypto universe, and we are quite intrigued by lucrative business opportunities for AMC if we continue to wisely pursue further serious involvement in the field,” he said, adding that the company will start accepting Apple Pay and Google Pay By the end of 2021.

Although the details regarding the company’s plan to accept Bitcoin are few, Arun reported that there is a great demand for the purchase of movie tickets with digital currencies from the company’s customers.

Along with the adoption of Bitcoin payments, the company has also announced plans to open more than a dozen theaters across the U.S., Europe, and the Middle East this year.

Reddit’s stock

The company’s stock traded at about $ 33 at the start of trading hours yesterday. And after the announcement, it soared about 13.2% before falling back to $ 35 at the time of publication.

AMC’s second-quarter results showed a significant improvement over last year, reporting revenue of $ 444 million compared to revenue of $ 18.9 million in the second quarter of 2020.

AMC’s impressive results come just one year after the company faced bankruptcy when the film operator was forced to close places with the spread of the global corona plague.

Etc. When the corona was young, gathered a group of Meredith famous Wall Street-Betts (Wallstreetbets) which organized Pump-and-Damfs (Pump-and-Dumps) and similar to the incident of shares Giimstof, went even share AMC viewfinder of the group and began Lhtfmfm back and forth.

Many digital currencies, including DOGE, have also attracted a lot of attention from the Wallstreetbets group. Apparently, after trading in digital currencies was made possible by the Robinhood app

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