Bitcoin is quickly integrating into our financial life. The flagship cryptocurrency has achieved another breakthrough. AMC Theatres, the largest movie theater chain in the United States, revealed it would soon accept BTC payments for tickets.
According to CEO Adam Aron, AMC Entertainment will start accepting bitcoin as payment for tickets by the end of 2021. The most popular cryptocurrency has captured the attention of movie theatre owners, which can pave the way for bitcoin to the industry. AMC will be the first big theater chain to accept cryptocurrency as a payment option. The company believes that such a decision will help it to increase ticket sales and minimize the negative consequences of the COVID-19 pandemic.
The chain owns 539 movie theatres in the United States. AMC’s stock trades around $2 per share.
