AMC has started accepting cryptocurrency payments for gift cards
Adam Aaron, CEO of AMC, announced that the leading movie theater is now accepting Dogecoin and other cryptocurrencies for eGift cards.
The world’s largest movie theater is also enabling cryptocurrency payments for tickets as well as the purchase of franchise platforms.
As reported by U.Today, Aaron announced that his company would accept Dogecoin after taking a Twitter poll that only Tesla CEO Elon Musk liked.
The world’s largest movie theater will also add support for Bitcoin, Ethereum, Litecoin and Bitcoin Cash by the end of the year.
After seeing its revenue drop by 90 percent due to the pandemic, AMC faced massive financial pressure in 2020. Then it became the darling of Reddit stock traders along with GameStop and other struggling companies. AMC stock is up 1,634% year-to-date.
It seems that things are back to normal for the theater of the leading movie series. Over the last weekend, it set a new attendance record after reopening with 3.9 million visitors worldwide due to the success of No Time to Die and Poison: Let There Be Carnage.